Malaysian Palm Oil Futures Seen Falling on Tuesday as Crude Oil Drops 9%, Ringgit Strengthens

According to Jin10 Futures, Malaysian crude palm oil futures may fall at Tuesday morning opening on July 28, tracking losses in global commodity markets. Crude oil futures plunged nearly 9% following the U.S. suspension of airstrikes on Iran, with Brent crude sliding further during electronic trading, while Chicago soybean oil futures declined sharply. Additionally, a stronger Malaysian ringgit is weighing on prices by reducing export competitiveness.
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