Trader's Comment:CPO futures surrendered all early gains to end broadly lower

CPO futures surrendered all early gains to end broadly lower due to lack of followthrough buying and pre-weekend position squaring and also ahead of official July08 supply and demand data scheduled to be released on Monday (11/08/2008) by MPOB. Price was slammed down to 2767 in late afternoon session before it settled RM66 lower at 2779.