Malaysia CPO ends flat as CBOT soy dn, ringgit weak

Crude palm oil futures on Bursa Malaysia Derivatives ended flat as losses due to soyoil contracts on CBOT were offset by gains from a weak ringgit against the dollar. Prices of crude palm oil and soyoil typically move in tandem, as they are used as substitutes. Weakness in the Malaysian currency against the greenback makes crude palm oil cheaper for buyers holding other currencies. The most-active August contract of crude palm oil on the Malaysian bourse ended at 2,473 ringgits (42,456.90 rupees) per tn, down 0.2% from the previous close.