The Impact of Soybean Futures and Crude Oil Futures on Palm Oil Indexes: Evidence from Bounds Test of Level Relationship and Causality Analysis

This paper investigates the impact of soybean and crude oil futures on palm indexes by utilising monthly data from three listed in Bursa Malaysia, i.e., Asian index, Malaysian Plantation spanning January 2010 to June 2020. The impacts were analysed using Autoregressive Distributed Lag (ARDL) bounds test approach causality test. statistical findings revealed that index has a long-run relationship with oil, short-run futures, oil. On other hand, whereas exchange rate. For strategy, this study recommends close monitoring futures. Meanwhile, strategy requires Eventually, empirical proposed interested parties such as fund managers, investors, traders should pay attention mitigate risk diversify their portfolios greater emphasis