Palm extends losses as weaker Chicago soyoil weighs

Malaysian palm oil futures fell for a second straight trading day on Wednesday, according to Business Recorder, as softer Chicago soyoil weighed on prices. Firmer crude oil prices, however, limited how far the decline could go.

The December delivery contract on the Bursa Malaysia Derivatives Exchange was quoted 21 ringgit lower, a fall of 0.46%, at 4,539 ringgit ($1,111.14) per metric ton during early trade. Since these numbers were recorded in early trade, they describe the opening stage of the session rather than its final settlement.

The report did not include a closing price, so the day's final level for the contract remains unknown from this account. Readers following commodity moves can compare later updates to see whether the early decline held.