"Palm tracked weakness in the U.S. soybean market, as well as lower exports," said a futures trader in Kuala Lumpur, referring to Malaysian palm oil export data which showed weaker demand in the first ten days of June. Slowing export demand could contribute to rising inventory levels and weigh on benchmark palm oil prices. Industry regulator the Malaysian Palm Oil Board is scheduled to release inventory, production and export data for May on June 12. In other related oils, the September soyoil contract on the Dalian Commodity Exchange rose 0.3%, and the Dalian September palm oil contract edged down 0.1%. Palm oil prices are affected by movements in related edible oils, with which it competes for global market share.

Source: The Edge Markets June 10, 2019 13:41 UTC