Malaysia CPO up tracking CBOT soy oil; weak ringgit.

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives traded up tracking gains in the soy oil contracts on the CBOT. Prices of soy oil and crude palm oil move in tandem as both are used in production of bio-fuels. A weak Malaysian ringgit against the dollar further supported gains in prices. A weak ringgit makes the commodity attractive for foreign buyers. Investors now await Malaysian crude palm oil export data for August for further cues.