The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today after recording losses for two consecutive days, backed by stronger soya bean oil prices on the US Chicago Board of Trade (CBOT).
Palm oil trader David Ng said the higher soya bean oil prices in general led to higher CPO prices

“We locate support level at RM3,300 a tonne and resistance at RM3,450 a tonne,” he told Bernama.
At the close, the CPO futures contract for December 2020 increased RM79 to RM3,565 per tonne, January 2021 rose to RM75 to RM3,428 per tonne, February 2021 gained RM85 to RM3,364 per tonne and March 2021 surged RM88 to RM3,294 per tonne.
Total volume declined to 71,852 lots from 76,588 lots on Tuesday, while open interest slipped to 279,316 contracts from 279,907 contracts previously.
The physical CPO price for December South climbed RM60 to RM3,560 per tonne.

https://www.bernama.com/en/market/news.php?id=1902721
Sumber: Bernama