0823 GMT [Dow Jones] BMD CPO futures recover some of their early losses as
crude and soyoil futures reverse overnight falls; fundamentals also support with
traders now expecting a 16% on-month drop in Malaysia's January palm oil output,
a tad larger than previously thought, a Kuala Lumpur-based brokerage executive
says. Still, the market will likely remain in its recent MYR3,825-MYR3,880/ton
range until the Dalian futures bourse reopens tomorrow; the trader adds fresh
cues are also expected from MPOB and USDA data due this week. Benchmark April
CPO is MYR18 lower at MYR3,850/ton, off an intraday low of MYR3,816/ton.