Vegoils commentary: CPO climbs on lower stocks, bargain buying; CME closed due to holiday

The Chicago Mercantile Exchange was closed on Monday February 17 due to the President’s Day holiday in the US. Meanwhile, crude palm oil (CPO) in Asia reversed losses from the morning session to end higher. Bullish sentiment amid lower stocks and production, as well as bargain buying, prevailed, although soft export demand indications limited gains.