Malaysian palm oil futures advanced on Wednesday, marking a second consecutive session of gains.
The rally was driven by market expectations of robust export demand, which helped offset broader softness in the agricultural complex.
18% in the session, reflecting weaker sentiment in the soy complex.
Traders are closely monitoring shipment data as a key indicator of near-term demand strength.
The upward momentum in palm oil stood in contrast to rival soyoil, which faced selling pressure.
Dalian’s most-active soyoil contract fell 0.18% in the session, reflecting weaker sentiment in the soy complex.
This divergence highlights the shifting dynamics between the two major edible oils, with palm oil finding support from export optimism while soyoil struggles with lackluster demand.