Trader's Comment: Palm oil futures ended marginally positive after a mix trading sessions

Palm oil futures ended marginally positive after a mix trading sessions. Benchmark Nov09 continued to be in ranging mode as it hovered between 2337-2385 level through out the day until it ended RM2 higher at 2357. Market talks that SPPORMA 1-25 days Aug palm oil production down around 9.04% had provided some cushion to BMD. However, trading activity was rather quiet today, as players were still cautiously waiting for further new leads. Daily volume fell lower again with a total of 15,048 contracts changed hands.