Dalian's most-active soyoil contract dropped 0.53%, while its palm oil contract rose 0.48%, easing from a 1.80% gain earlier in the session. Soyoil prices on the Chicago Board of Trade were down 0.83%. Cargo surveyors are expected to report Feb. 1-15 palm oil exports data starting later on Wednesday. Malaysia's palm oil exports during Feb. 1-10 rose between 23.3% and 39.3% from a month earlier.
Meanwhile, India's rapeseed production in 2023 could jump 7.1% from a year earlier to a record 12.8 million tonnes, the country said, which could help the world's biggest vegetable oil importer reduce overseas purchases of palm oil.
Palm oil looks neutral in a range of 3,859-4,009 ringgit per tonne, and an escape could suggest a direction, said Reuters technical analyst Wang Tao ($1 = 4.3800 ringgit) (Reporting by Fransiska Nangoy; Editing by Subhranshu Sahu and Nivedita Bhattacharjee)
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