Palm oil rises in early Asian trade, tracking gains in soybean oil prices overnight on the Chicago Board of Trade, PhillipCapital says in a note. Recent ringgit weakness could also provide some support, making Malaysian palm oil more competitive for overseas buyers, it adds. PhillipCapital expects prices to face resistance at 4,700 ringgit a ton and find support at 4,433 ringgit a ton. The Bursa Malaysia Derivatives contract for September delivery is higher by 30 ringgit at 4,580 ringgit a ton. (yingxian.wong@wsj.com)