KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives
exchange ended mixed Tuesday amid a slump in regional equities and commodity
markets that damped market sentiment, said trade participants.

  The benchmark November contract on the Bursa Malaysia Derivatives ended MYR20
lower at MYR2,355 a metric ton after trading in a narrow MYR2,323-MYR2,373/ton
range.

  The contract dipped in early trading as losses in Chinese equities led to
renewed selling pressure on the BMD. Prices fell as much as 2.2% to an intraday
low of MYR2,323 a ton.

  "The market is mainly driven by bearish sentiment today, and weaker export
data released by cargo surveyors weighed on prices," said a Malaysia-based
exporter.

  Traders placed near-term support at MYR2,320, then at MYR2,300, with prices
to move in a MYR2,300-MYR2,450 range in the near term.

  According to cargo surveyors' estimates, palm oil exports fell in the first
25 days of August, stoking fears of a rise in palm oil stocks.

  SGS (Malaysia) Bhd. and Intertek Agri Services both estimated exports fell to
1 million tons for the Aug. 1-25 period, down 7.5%-11% on month.

  Traders had earlier expected Malaysia's palm oil exports to fall by 12%-13%
on month for the period. While the figures were slightly better than market
expectations, fears of rising stock levels and easing demand pulled BMD prices
lower.

  China and India, both major buyers of CPO, have slowed purchases in past
weeks. Exports to China fell to 342,387 tons from 344,354 in the same period
last month, with a 13% on-month decline to 73,932 tons for shipments to India,
data from SGS showed.

  Overall exports were estimated lower to key buying regions except the U.S.
and Pakistan.

  Spillover weakness from soyoil and crude kept CPO prices in negative
territory.

  September soyoil, which settled 78 points higher at 37.11 cents a pound on
the Chicago Board of Trade Tuesday, was trading 27 points lower toward the end
of trade on the BMD.

  Open interest for CPO futures fell to 85,564 lots from 85,885 lots Monday,
while trading volume rose to 18,433 lots from 17,934 lots. One lot is
equivalent to 25 tons.

  Cash CPO for prompt shipment was offered unchanged at MYR2,470/ton.

  In the cash market, palm olein for August shipment was earlier traded at
$725/ton, FOB Malaysian ports, said a Singapore-based trading executive.

Closing BMD CPO futures prices in MYR/ton at 1000 GMT:

Month      Close    Previous   Change   High    Low
Sep 09     2,438    2,435      Up 03    2,452   2,420
Oct 09     2,383    2,409      Dn 26    2,399   2,360
Nov 09     2,355    2,375      Dn 20    2,373   2,323
Dec 09     2,353    2,365      Dn 12    2,370   2,315