Malaysian palm oil futures jumped around 1.5% to above MYR 4,150 per tonne, rebounding from a muted session the prior day. The upturn was driven by strength in rival edible oils on the Dalian and Chicago exchanges and bargain hunting after prices hit a four-month low last week. Meantime, a research firm, Glenauk Economics, expects prices to stay firm between MYR 4,300 and MYR 4,600 in H1 2026, citing delays in the industry’s peak production season. Adding to the bullish momentum was progress toward resolving the U.S. government shutdown after the Senate passed a funding bill. However, a stronger ringgit capped further advances, along with weather concerns as the northeast monsoon is expected to arrive Thursday and persist through March 2026. Meanwhile, Malaysian Palm Oil Board data showed end-October inventories at a 6 -1/2- year high, while production jumped 11.02% to the highest since August 2015. On the exports side, cargo surveyors noted shipments fell 9.5–12.3% in November 1-10.
