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Malaysian benchmark crude palm oil (CPO) spot prices touched USD900/tonne (t) in December 2020 for the first time since 2012 and averaged at around USD810/t in 4Q20 to date.

Palm oil retreated from an eight-year high on concerns that shipments from second-biggest grower Malaysia may dwindle next month amid weaker Chinese demand.

Traders believe the recent move by China’s Dalian Commodity Exchange (DCE) to open its palm oil futures contract to international investors should provide a certain degree of competition, but it will not impact Bursa Malaysia Derivatives Bhd (BMD) in the short term.

SINGAPORE/KUALA LUMPUR- Malaysian palm oil futures ended their three-session winning streak tracking weaker Dalian oils, but stronger December palm oil exports and low output concerns limited losses. The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange ended down 28 ringgit, or 0.78%, at 3,541 ringgit ($874.86) a tonne.

KUALA LUMPUR: Malaysia's exports increased 4.3 per cent to RM84.43 billion in November compared to the same month last year, registering three consecutive months of year-on-year (Y-o-Y) growth.

Rising blending mandates in Europe and an economic recovery from Covid-19 are set to fuel demand for Asian biodiesel and feedstocks, although liquidity could be neutered by high costs in the short term. Third-month fob Bursa Malaysia crude palm oil (CPO) futures rose to their highest since May 2012 in December, at 3,470 ringgit/t ($852/t), on tight supply, labour shortages and adverse weather.

JAKARTA - Indonesia has raised the crude palm oil (CPO) reference price and export levy for January, an official document on its trade ministry website showed on Monday.

KUALA LUMPUR: Malaysia’s trade surplus surged 151.6 per cent year-on-year (y-o-y) to RM16.82 billion last month, the highest surplus ever recorded for the month of November.

On Monday, the CME Group’s farm markets finish mostly lower. At the close, the March corn futures settled 5½¢ higher at $4.56½. May corn futures closed 5¼¢ higher at $4.57.

Argentina's influential chamber of soy oil manufacturers and exporters on Sunday improved an offer to striking workers, seeking to end a more than two-week standoff that has bogged down exports from one of the world's main breadbaskets.

After a year of soaring sales and low ending stocks, the Brazilian soybean farmers are likely to witness another year of high supply and demand scenario in 2021, on the back of a weak currency forecast.

The Manitoba government on Dec. 22 announced that it will step up its ethanol and biodiesel blending requirements over the next two years, requiring E10 and B5 blends of gasoline and diesel by the start of 2022.