Prices of rival soybeans rose to their highest in nearly a month on Thursday after the US Department of Agriculture's planting intentions report pegged soybean acreage well below expectations.
Meanwhile, Dalian's most-active soyoil contract slumped 3.45% and its palm oil contract lost 2.06%. Soyoil prices on the Chicago Board of Trade rebounded with a 0.67%.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange dropped 4.6% to 3,574 ringgit ($861.41) a tonne at closing time, the lowest closing level since Feb. 22.
Palm oil tracked rival soyoil down as soy was pressured by an upbeat planting outlook in the U.S, a palm oil trader in Kuala Lumpur said.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed up 37 ringgit, or 1.02%, at 3,679 ringgit ($908.62) a tonne.
CGS-CIMB pegged crude palm oil output at 1.13 million tonnes, little changed from the previous month.
Meanwhile, Dalian's most-active soyoil contract fell 1%, while its palm oil contract slipped 3.5%. Soyoil prices on the Chicago Board of Trade were down 1.1%.