CME USD Malaysian Crude Palm Oil Futures Volume and Open Interest
In July 2023, CME Group crude palm oil volume totaled 21,102 lots (527,550 metric tons) and the end-of-month open interest was 45,178 lots (1,129,450 metric tons).
Volume in the first three contract months were 9,392, which was about 45% of the total monthly volume.
End-of-month open interest in the first three contract months were 15,822, which was about 35% of the total open interest.
USD Malaysian Crude Palm Oil Price and Volatility
USD Malaysian Crude Palm Oil futures* settled at $862.75 per metric ton at the end of July 2023, creating a $53.00 price movement from a month ago.
During the month, 20-day rolling volatility ranged from 29.9% to 41.0%, with an average of 35.4%.
Bean Oil – Palm Oil spread, Palm Oil – Gasoil spread price and Palm Oil FOB Indonesia basis price
Bean Oil – Palm Oil (BOPO)** price decreased from $623.47 per ton at the end of the previous month to $583.04 per ton at the end of Jul-2023. The monthly movement was -$40.43.
Palm Oil – Gasoil (POGO)*** decreased from $105.00 per ton at the end of the previous month to -$2.50 per ton at the end of the month. The monthly movement was -$107.50.
The FOB Indonesia basis****, the price spread between Indonesian and Malaysian crude palm oil increased from $35.25 per ton at the end of the previous month to $37.25 per ton at the end of the month. The monthly movement was $2.00.
* Based on USD Malaysian Crude Palm Oil Futures first nearby contract month that is not in the monthly averaging period. Contract month rolls at the beginning of each month.
** Defined as the differential of settlement price between front month CBOT Soybean Oil Futures converted into USD/MT and USD Malaysian Crude Palm Oil Futures first nearby contract month that is not in the monthly averaging period.
*** Defined as the differential of settlement price between USD Malaysian Crude Palm Oil Futures and European Low Sulphur Gasoil Futures first nearby contract months that are not in the monthly averaging period.
**** Calculated as the differential between the Refinitiv crude palm oil FOB Indonesia third forward month price and the settlement price of USD Malaysian Crude Palm Oil Futures first nearby contract month that is not in the monthly averaging period.
Explore our Palm Oil products
Explore the efficiency and transparency of listed futures and options on futures.
Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Swaps trading should only be undertaken by investors who are Eligible Contract Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act. Futures and swaps each are leveraged investments and, because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for either a futures or swaps position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles and only a portion of those funds should be devoted to any one trade because traders cannot expect to profit on every trade.
CME Group, the Globe Logo, CME, Globex, E-Mini, CME Direct, CME DataMine and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT is a trademark of the Board of Trade of the City of Chicago, Inc. NYMEX is a trademark of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners.
The information within this communication has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors or omissions. CME Group does not represent that any material or information contained in this communication is appropriate for use or permitted in any jurisdiction or country where such use or distribution would be contrary to any applicable law or regulation.
Additionally, all examples in this communication are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. All matters pertaining to rules and specifications herein are made subject to and superseded by official CME, CBOT, NYMEX and COMEX rules. Current rules should be consulted in all cases concerning contract specifications.
Copyright © 2023 CME Group Inc. All rights reserved