- 8 Oct 2021
- By CME Group
- Topics: Agriculture
USD Malaysian Crude Palm Oil volume and open interest
In September 2021, Crude Palm Oil volume totaled 18,196 lots (454,900 metric tons) and the end-of-month open interest was 36,307 lots (907,675 metric tons). Volume and end-of-month OI in the first three contract months were 11,806 and 18,508, respectively.
USD Malaysian Crude Palm Oil Calendar futures (CPO) performance:
- Total volume: 13,636 lots. Volume in the first three contract months: 8,006 lots (dotted bars in the chart).
- Total end-of-month OI: 14,677 lots. Open interest in the first three contract months: 3,658 lots.
Malaysian Palm Oil Calendar swaps (CPC) performance:
- Total volume: 4,560 lots. Volume in the first three contract months: 3,800 lots (dotted bars in the chart).
- Total end-of-month OI: 21,630 lots. Open interest in the first three contract months: 14,850 lots.
Source: CME Group
Source: CME Group
USD Malaysian Crude Palm Oil Futures* settled at $1,085 per metric ton at the end of September 2021, creating a $114.50 price movement from the beginning of the month.
During the month, 20-day rolling volatility ranged from 26.3% to 34.4%, with an average of 30.8%.
Source: CME Group
Bean Oil – Palm Oil (BOPO)** price decreased from $315.02 per ton in the beginning of the month, to $211.10 per ton at the end of the month. The monthly movement was -$103.92.
Source: CME Group
Palm Oil – Gasoil (POGO)*** increased from $375.50 per ton at the beginning of the month to $408.75 per ton at the end of the month. The monthly movement was $33.25.
Source: CME Group
* 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 CBOT Soybean Oil futures converted into USD/MT and USD Malaysian Crude Palm Oil futures.
*** Defined as the differential of settlement price between USD Malaysian Crude Palm Oil futures and European Low Sulphur Gasoil futures.
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