Palm oil fell amid weakness in the soybean oil market and concern over rising output in coming weeks, said David Ng, a trader at Kuala Lumpur-based Iceberg X. He sees crude palm oil support at 4,500 ringgit a ton and resistance at 4,680 ringgit a ton. The Bursa Malaysia Derivatives contract for September delivery fell 39 ringgit to 4,549 ringgit a ton. (kimberley.kao@wsj.com)
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Palm Oil Falls Amid Soybean Oil Weakness — Market Talk
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Palm oil fell amid weakness in the soybean oil market and concern over rising output in coming weeks, said David Ng, a trader at Kuala Lumpur-based Iceberg X. He sees crude palm oil support at 4,500 ringgit a ton and resistance at 4,680 ringgit a ton. The Bursa Malaysia Derivatives contract for Sep…