Malaysian palm oil futures extended losses, hovering below MYR 4,550 per tonne as weaker Chicago soyoil weighed on sentiment. Caution also prevailed ahead of Malaysian Palm Oil Board monthly data, with stocks expected to peak this month. Sluggish demand added pressure, with cargo surveyors estimating a 17.1%-28.8% month-on-month drop in palm oil exports in September. European Union palm oil imports for the 2026/27 season, which began in July, also fell 18% year-on-year to 0.71 million tonnes. In Indonesia, the forestry task force handed nearly 260,000 hectares of reclaimed land to the Forestry Ministry, with more than half set to be managed by Agrinas Palma Nusantara, potentially adding to longer-term supply. Still, a softer ringgit and firmer crude oil prices amid Middle East supply constraints helped limit losses by supporting palm oil’s appeal as a biodiesel feedstock. Meanwhile, China’s Dalian markets will resume activity on Thursday.