PALMOILMAGAZINE, KUALA LUMPUR — Crude palm oil (CPO) prices on the Bursa Malaysia Derivatives Exchange ended higher on Monday (February 9, 2026), buoyed by rising soybean oil prices in Chicago and Dalian, according to Reuters.
Market participants have turned cautious, adopting a wait-and-see approach ahead of the release of monthly data from the Malaysian Palm Oil Board (MPOB). Attention is also focused on price guidance expected from analysts at the upcoming Price Outlook Conference (POC), which is seen as a key indicator for near-term market direction.
The benchmark April 2026 CPO contract on Bursa Malaysia rose RM19 per ton, or 0.46%, to settle at RM 4,173 per ton. The gain reflects a more positive sentiment across global vegetable oil markets, led by strength in competing oils.
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In other markets, the most-active soyoil contract on the Dalian exchange edged up 0.07%, while palm oil contracts on the same exchange slipped 0.31%, signaling mixed sentiment in China. Meanwhile, soyoil prices on the Chicago Board of Trade (CBOT) jumped 1.63%, providing additional support to palm oil prices in Malaysia.
Overall, firmer global soyoil prices helped underpin CPO futures, even as traders remained cautious ahead of key fundamental data releases. (P3)
