News summary

The downward shift of the palm oil 2409 contract is limited, with support at 7150. Supply in Southeast Asia has improved and quotations have become loose. It is recommended to go long on dips after adjustment and pay attention to the MPOB report and domestic inventory situation.

Newsletter text

Palm oil futures prices gain solid support, and market expectations increase after South American soybean production is digested

Although major palm oil producing areas in Southeast Asia are facing seasonal increases in output, the market believes that the palm oil contract is p2409crashteamracingps1The possibility of falling in is limited and there is strong support at 7150.

As the external oil and fat market benefits from the gradual digestion of the soybean harvest pattern in South America and the expected impact of the climatic conditions for US soybean planting, oil and oil prices are expected to show a phased strengthening.

In terms of monitoring the investment strategy of the palm oil 2409 contract, investors are advised to look for opportunities to enter the market at a low level after price adjustment, and also pay attention to the MPOB report, Malaysia's palm oil production and export data, and China's import and inventory situation.