CME Group USD Malaysian Crude Palm Oil futures volume and open interest
In September 2022, CME crude palm oil volume totaled 21,758 lots (543,950 metric tons) and the end-of-month open interest was 50,913 lots (1,272,825 metric tons).
Volume in the first three contract months were 9,268 which was about 43% of the total monthly volume.
End-of-month open interest in the first three contract months were 17,967 which was about 35% of the total open interest.
USD Malaysian crude palm oil price and volatility
USD Malaysian Crude Palm Oil Futures* settles at $740.50 per metric ton at the end of September 2022, creating a -$188.25 price movement from a month ago.
During the month, 20-Day rolling volatility ranged from 38.6% to 56.9%, with an average of 44.2%.
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 $631.90 per ton at the end of the previous month, to $700.22 per ton at the end of the month. The monthly movement was $68.32.
Palm Oil – Gasoil (POGO)*** decreased from -$175.18 per ton at the end of the previous month, to -$218.42 per ton at the end of the month. The monthly movement was -$43.24.
The FOB Indonesia Basis****, the price spread between Indonesian and Malaysian crude palm oil, increased from $73.75 per ton at the end of the previous month, to $74.50 per ton at the end of the month. The monthly movement was $0.75.
* 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.
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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.
