Palm Oil Stabilizes in Downtrend; But Canola Weighs on Prices

Crude palm oil prices edged higher on Thursday, buoyed by the robust performance of crude oil. The positive sentiment is lifting investor confidence in the crude palm-oil market. However, investors are likely to remain a bit cautious in the coming days ahead of a key crop report due next week.

Palm oil will also face headwinds produced by negative sentiment toward…