KUALA LUMPUR, Sept 30: Weakness in Chicago soya futures sparked liquidation in Malaysia’s crude palm oil market on Monday despite higher export number for September, traders said.

The benchmark third-month December futures fell 33 ringgit at 1,361 ringgit ($358.16) a ton after touching a high of 1,390 ringgit. Volume was a heavy 4,242 lots.

Technical analyst pegged support at 1,350 ringgit and resistance levels at 1,405 and 1,435 ringgit.

The export number has been expected. The market just ignored it, said one trader.

In the trading of physical crude palm oil, bids for both the October and November contracts closed at 1,365 ringgit a ton, against sale offers at 1,375.

October trades were reported first at 1,380 ringgit for south.—Reuters