Crude palm oil (CPO) futures closed in negative territory on Monday December 8, as sustained weakness in the wider vegoil complex and sluggish buying momentum kept downward pressure on futures, with overall sentiment cautious ahead of Wednesday’s data release by the Malaysian Palm Oil Board (MPOB) as well as other key data expected this week. The most-active February CPO futures contract on the Bursa Malaysia Derivatives Exchange fell by 1.4% to close at 4,094 ringgit ($996)

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Palm oil is one of the most volatile commodities from a market perspective. In the past year, it has catapulted from being the least...