Palm | Kelapa Sawit

Palm oil futures ended with little change as it remained in its mix and sideways range trading. Benchmark Dec09 hovered between 2121-2096 through out most of the sessions until it finally settled at overnight level. The results of both private cargo surveyors were within market expectation after they released their negative end Sep export data. ITS reported a 7.8% decline while SGS stated a 2.2% drop. Hence, market continue to consolidate at around 2100 level as traders waiting for more new leads while China Dalian Commodity Exchange will be on holiday until 8 Oct in conjunction with their National Day. Asian time NYMEX crude oil edged more than 1% higher in late trading while eCBOT soy oil was rather mix today.