Soybean oil in Pakistan 

BMD CPO May Rebound on CBOT Soy; MYR2,450-MYR2,500/Ton Band:

BMD CPO futures may reverse losses and nudge up at the start of trading on Wednesday, helped by higher CBOT soy futures due to weather concerns in Argentina, a major soy producer. Both palm and soyoil compete for similar export markets. Still, gains are likely to be subdued given concerns about sluggish export demand for palm oil, says a Kuala Lumpur-based broker, who tips trade in a MYR2,450-MYR2,500/ton band today. Benchmark March CPO ended MYR23 lower at MYR2,494/ton Monday. Malaysian markets were closed Tuesday for a public holiday.