Trader's Comment: CPO futures ended mix due to lack of fresh leads

Substantial losses in rival soyoil in CBOT last Friday but recovered in e-CBOT trading during Asian trading time zone provide no clue to the market. Steady crude oil prices provided some support to the palm market. Basically, the market just lack of fresh factors. Benchmark Nov08 settled RM1 lower at 2469 after trading between 2451 to 2493. Whereas, second month Oct08 settled RM8 higher at 2470 after trading between 2445 to 2485. Daily volumes were moderate with 8,910 contracts changed hands. Morning session was suspended due to technical glitch detected in the morning. It resumed trading in the afternoon session after resolved.