Palm oil recorded the largest decline among the three oils in night trading, falling Yuan 100/tonne, with notable open interest reduction as longs exited. Although crude oil strength supports biodiesel demand, Malaysia is in a production increase cycle, and the market expects tomorrow's MPOB report to show June inventories reaching a record high for the same period. Spot prices continue to trade at a deep discount to futures, with scarce market transactions. Multiple bearish factors are suppressing any rebound momentum.