Front month palm oil on the European vegetable oils market were offered firmer, while more deferred contracts were quoted slightly lower due to a lack of direction from Malaysian palm oil futures which were closed for a public holiday.
Palm oil was mostly offered between $7.50 a tonne up and $5 down from Tuesday, supported by stronger Chicago soyaoil and dollar weakness, which underpins products priced in that currency.
Malaysian palm oil futures will reopen on Thursday.
At 1730 GMT CBOT soyaoil futures were between 0.31 and 0.43 cents per lb higher on technical buying and because of strength in energy markets.
EU rapeoil was quoted between three euros per tonne down and one euro up from Tuesday. Weakness was mostly technical, while losses were limited by strength in CBOT soyaoil and firmer rapeseed futures.
The lauric oil market was still subdued due to a lack of Asian participants. Nominal asking prices were between unchanged and $25 a tonne higher, mostly supported by dollar weakness.
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