CPO Poised to Test Higher Levels

Crude palm-oil futures fluctuated between negative and positive territory on Thursday as prevailing headwinds and tailwinds continued to generate choppy market conditions.  While a weaker US dollar helped bean oil gain traction, a stronger Canadian dollar seemed to weigh on canola prices.

Sentiment is cautious ahead of May 1-15 export estimates due Friday; traders are awaiting to see if Indonesia’s move to impose an…