Kuala Lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Wednesday, supported by stronger soybean oil prices on the Chicago Board of Trade (CBOT), said palm oil trader David Ng. He noted that the increase in soybean oil prices was driven by higher biofuel blending mandates in the United States.

According to BERNAMA News Agency, support for CPO futures is seen at RM4,000 per tonne, with resistance at RM4,150 per tonne. At the close, the spot-month June contract rose by RM21 to RM4,085 per tonne, with July 2025 gaining RM27 to RM4,099 per tonne, and August 2025 climbing RM36 to RM4,100 per tonne. Additionally, September 2025 advanced RM42 to RM4,093 per tonne, October 2025 increased RM42 to RM4,089 per tonne, and November 2025 added RM40 to RM4,090 per tonne.

The trading volume experienced a decline, dropping to 67,036 lots from 110,158 on Tuesday. Open interest also slipped to 233,309 contracts from 235,561 previously. Meanwhile, the physical CPO price for June South rose RM20 to RM4,100 per tonne.