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