USD Malaysian Crude Palm Oil futures volume and open interest

In June 2022, CME Crude Palm Oil volume totaled 31,653 lots (791,325 metric tons) and the end-of-month open interest was 48,318 lots (1,207,950 metric tons).

Volume during the first three contract months was 12,238, which was about 39% of the total monthly volume.

End-of-month open interest during the first three contract months was 17,352, which was about 36% of the total open interest.

USD Malaysian Crude Palm Oil price and volatility

USD Malaysian Crude Palm Oil futures* settled at $1,112.75 per metric ton at the end of June 2022, creating a -$309.50 price movement from the beginning of the month.

During the month, 20-Day rolling volatility ranged from 25.0% to 62.2%, with an average of 41.3%.

Bean Oil – Palm Oil spread, Palm Oil – Gasoil Spread price and Palm Oil FOB Indonesia basis price

Bean Oil – Palm Oil (BOPO)** price increased from $295.59 per ton at the beginning of the month to $428.94 per ton at the end of the month. The monthly movement was $133.35.

Palm Oil – Gasoil (POGO)*** decreased from $208.85 per ton at the beginning of the month to -$23.25 per ton at the end of the month. The monthly movement was -$232.10.

The FOB Indonesia basis****, the price spread between Indonesian and Malaysian crude palm oil, decreased from $227.75 per ton at the beginning of the month to $197.25 per ton at the end of the month. The monthly movement was -$30.50.


* 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.


All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2022 CME Group Inc. All rights reserved.