Yesterday's MPOB report was released, with Malaysia's palm oil export data showing month-on-month improvements providing supportive cues. Supported by crude oil prices, the BMD market rallied, driving domestic DCE palm oil to close higher in overnight trading. In the spot market, basis levels were generally stable across most regions, with overall range-bound movements. Trading remained moderate, with most domestic participants adopting a wait-and-see stance. Favorable crush margins suggest attention should be paid to future vessel schedules and profit dynamics. Indonesia's B50 policy, Malaysia's proposed increase in blending ratios, and El Nio-driven production cut expectations continue to provide underlying support for longer-dated contracts. The near-term weak versus longer-term strong configuration is expected to persist, with prices likely maintaining range-bound trading. Attention should be paid to the progress of DSI and Indonesia's B50 implementation.