Palm oil futures rebound on firmer crude, soyoil; Dalian olein caps gains

KUALA LUMPUR, Sept 22 (Reuters) — Malaysian palm oil futures rebounded on Tuesday after two straight sessions of losses, supported by firmer crude oil and soyoil prices, though weaker Dalian palm olein capped the advance. 10) a metric ton in early trade. Fundamentals Crude oil prices gained after several days of declines, with investors awaiting developments on potential US-Iran talks at the United Nations General Assembly this week. O/R Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.

13%. 01%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. 02% against the dollar, making the commodity slightly more expensive for buyers holding foreign currencies.

Crude palm oil prices are expected to remain above $1,154 per metric ton in October and through the rest of the year, underpinned by weather uncertainties and favourable energy markets, the Malaysian Palm Oil Council said. India's soyoil imports are likely to surge to a record high in the 2025/26 marketing year as rallies in rival palm and sunflower oils make soyoil more competitive for price-sensitive Indian buyers, industry officials said. Palm oil may bounce into a range of 4,931-4,959 ringgit per metric ton, following its stabilisation around a support at 4,844 ringgit, Reuters technical analyst Wang Tao said.

TECH/C Market News Technology stocks powered Asian markets higher on Tuesday as lower oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more hikes are needed to rein in inflation. MKTS/GLOB Data/event 1400 EU Consumer Confid. com;)