Crude Oil Insights Uncategorized The Crude Palm Oil Contract – FCPO

The Crude Palm Oil Contract – FCPO

The Crude Palm Oil Future Contract trades on Bursa Malaysia and is the primary hedging tool for managing and offsetting Crude Palm Oil exposure

Data

Details

Source

Remarks

FCPO

Crude Palm Oil Futures, RM per metric ton

Bursa Malaysia

Futures settlement prices for spot month and next one-six month contracts

 

FCPO Price levels and Price volatility trends using a 60 day moving average showing trends across spot and up to six months forward delivery.

FCPO Price Levels


FCPO Volatility Trends


But more interestingly take a look at the correlation and significance with the following commodity groups

FCPO Correlations and Scatter Plots

Based on Prices

Correlation of FCPO with

Rules of Thumb

Significance

USD-EUR

-0.77

marked

significant

MYR-USD

0.85

high

significant

Gold

0.32

low

significant

West Texas Intermediate

0.79

marked

significant

Wheat No. 2

0.74

marked

significant

Corn

0.80

high

significant

 

FCPO and West Texas Intermediate (WTI) Price Plots

Prices


 

Author: Jawwad