Futures contracts of soyoil on the CBOT hit a near two-month low of 32.93 cents per pound. Tracking losses in crude palm oil contracts on the Bursa Malaysia Derivatives. Prices of crude palm oil and soyoil typically move in tandem, as they are used as substitutes for each other. The most-active January contract of soyoil on the CBOT was at 32.95 cents per pound, down 0.7% from the previous close.