Malaysian palm oil futures have seen a surge in price, with the benchmark contract for March delivery increasing by 2.57% to 4,504 ringgit ($999.11) per metric ton, driven by the strength in soyoil markets in Dalian and Chicago. The rise in soyoil prices, following bullish USDA crop reports, has led to an uptick in palm oil prices as well. Despite a decline in Malaysia's palm oil stocks for the third month in a row, the weakening of the Malaysian ringgit against the U.S. dollar has made palm oil more attractive, making it a more attractive option for biodiesel feedstock.