CME Group USD Malaysian Crude Palm Oil futures volume and open interest
In May 2024, Crude Palm Oil volume totaled 26,526 lots (663,150 metric tons) and the end-of-month open interest was 50,016 lots (1,250,400 metric tons).
Volume in the first three contract months was 12,312, which was about 46% of the total monthly volume.
End-of-month open interest in the first three contract months was 19,542 which was about 39% of the total open interest.
USD Malaysian Crude Palm Oil price and volatility
USD Malaysian Crude Palm Oil futures* settled at $866.00 per metric ton at the end of May 2024, creating a $67.25 price movement from a month ago.
During the month, 20-day rolling volatility ranged from 17.9% to 23.0%, with an average of 20.6%.
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 $133.58 per ton at the end of the previous month, to $137.54 per ton at the end of May-2024. The monthly movement was $3.96.
Palm Oil – Gasoil (POGO)*** increased from $23.18 per ton at the end of the previous month, to $132.46 per ton at the end of the month. The monthly movement was $109.28.
The FOB Indonesia Basis,**** the price spread between Indonesian and Malaysian Crude Palm Oil, decreased from $91.25 per ton at the end of the previous month, to $56.50 per ton at the end of the month. The monthly movement was -$34.75.
Indonesian crude palm oil prices were not assessed during May 2022. In addition, the FOB Indonesia basis prices starting June 2022 were calculated using Refinitiv crude palm oil FOB Indonesia second forward month prices, instead of the third forward month.
* 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.
Disclaimer
Exchange traded derivatives and cleared over-the-counter (“OTC”) derivatives are not suitable for all investors and involve the risk of loss. Exchange traded and OTC derivatives are leveraged instruments 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 initially deposited. This communication does not (within the meaning of any applicable legislation) constitute a Prospectus or a public offering of securities; nor is it a recommendation, offer, invitation or solicitation to buy, sell or retain any specific investment or service.
The content in this communication has been compiled by CME Group for general purposes only and is not intended to provide, and should not be construed as advice. It does not take into account your objectives, financial situation or needs, and you should obtain appropriate professional advice before acting on or relying on the information set out in this communication. Although every attempt has been made to ensure the accuracy of the information within this communication as of the date of publication, CME Group assumes no responsibility for any errors or omissions and will not update it. Additionally, all examples and information in this communication are used for explanation purposes only and should not be considered, investment advice, the results of actual market experience, or the promotion of any particular products or services. All matters pertaining to rules and specifications herein are made subject to and superseded by official Chicago Mercantile Exchange Inc. (“CME”), the Chicago Board of Trade, Inc. (“CBOT”), the New York Mercantile Exchange, Inc. (“NYMEX”), and the Commodity Exchange, Inc. (“COMEX”) rulebooks or, as applicable, the respective Rulebooks of CME Group’s certain other subsidiary trading facilities. Current rules should be consulted in all cases including matters relevant to contract specifications.
