Reaction buying in Malaysian palm oil pushed prices higher

Malaysia palm oil futures rebounded from their lowest levels since early March, climbing toward 4,350 ringgit per tonne as bargain hunters stepped in following the recent slide. Gains in rival vegetable oils and crude oil supported risk appetite, though the upside was capped by weak export data and record-high stockpiles. The recovery matters because it signals that traders view recent lows as a buying opportunity even as fundamentals remain heavy. Watch next whether export demand picks up and whether inventories draw down, which would determine if the rebound has legs.