CPO trading range for the day is 526.5-537.5.
CPO gained on hopes that stocks in the world's No.2 grower would fall while investor caution ahead of an official industry report.
Market pegged Malaysia's June ending stocks at 1.8mtns, which would mark the first fall in inventories since March.
Global palm prices will only increase "modestly" despite the possible onset of an El Nino weather pattern and the recent military violence in Iraq
Palm oil purchases by China may decline by about 11% as economic expansion slows and banks tighten lending to commodity importers.
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