Malaysian palm oil futures hit 2-week high.

Malaysian palm oil futures on Wednesday extended gains for a fourth consecutive session, hitting their highest in more than two weeks, supported by a weaker ringgit and firmer soyoil on China's Dalian Commodity Exchange.

The ringgit, palm's currency of trade, eased to a three-week low against the dollar, making the edible oil cheaper for holders of foreign currencies. The ringgit was down 0.1 percent at 4.1960. The benchmark palm oil contract for the December delivery on the Bursa Malaysia Derivatives Exchange was up 1.1 percent at 2,199 ringgit per tonne. It earlier rose as much as 1.4 percent to 2,206 ringgit, its highest levels since Sept. 23. Palm oil may test a resistance at 2,205...