Malaysian palm oil futures fell by RM 25 or 0.67% in early trade today 22/12/2023 to RM 3716 ($ 802.07) per ton. Soy oil futures up by 0.2% on Chicago Board Soy Bean production in Brazil for 2023-24 is forecasted to be lower by 5 million tons to 153 million tons from the previous estimates. The USDA estimates that 12.8 billion pounds of Soybean oil or 47% of U S soybean oil production, will be used in biofuels in the 12 months which began on Oct 1.