NewsSignals AI analysis·Reuters·Oct 28, 2026

Palm rises on stronger crude oil, Dalian soyoil

Grade Bbullish AI signal$WTI$BRENT

Malaysian palm oil futures rebounded 0.45% to 4,722 ringgit per metric ton as stronger crude oil prices and firmer Dalian soyoil supported prices after two consecutive sessions of losses. Crude oil strengthened on renewed Middle East supply concerns following an attack on a Saudi refinery, while weaker Chicago soyoil and palm olein limited gains. Palm oil could receive further support from elevated crude prices and biodiesel demand, though weakness in competing vegetable oils and a stronger ringgit may cap upside.

Bullish strength: 65/100

Palm oil futures gained 0.45% to 4,722 ringgit per metric ton.
Stronger crude oil prices improved palm oil's attractiveness as biodiesel feedstock.
Dalian soyoil rose 0.36%.

Bearish strength: 35/100

Weaker Chicago soyoil and palm olein capped gains.
The ringgit strengthened 0.12% against the dollar, making palm oil more expensive for foreign-currency buyers.
EU palm oil imports fell 21% year over year to 0.8 million metric tons.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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