Market Activity

Soybean oil futures rallied despite a small decline in palm oil futures overnight, which saw most contracts down less than 1/4 percent. The most active June contract declined three ringgit to settle at 2,431 ringgit per tonne after trading down to the lowest level in more than a week earlier in the session. Palm oil futures were pressured by strength in the ringgit and expectations that seasonally-increasing production will build stocks. Prices were also pressured…