Crude oil prices retreated, leading to fluctuating weakness in palm oil futures. According to meteorological monitoring by major institutions, there is a high probability of an El Nio phenomenon occurring around mid-year, raising concerns about future palm oil production and supporting distant palm oil prices. However, the market remains focused on changes in the Middle East situation. Although the impact of crude oil price trends on palm oil futures has diminished, it remains crucial. In the short term, palm oil is expected to fluctuate within a range, with attention on terminal demand conditions and high-frequency data from producing regions.