Export estimates of palmoil for the first 25 days of October, issued by two leading cargo surveyors watched by the market, had no impact on the trade as they were virtually flat with estimates for September 1 to 25.
"No one was really bothered about the export numbers," said a trader. "Everyone's betting that the CBOT will be up again tonight. That's why this market is up."
Soyoil futures on the CBOT, or Chicago Board of Trade, fell in Tuesday's electronic trade, conducted during Asian business hours, after closing sharply higher on Monday.
By 1100 GMT, CBOT's December soyoil was down 0.22 cent to 23.54 cents a lb, versus Monday night's gain of 0.28 cent. Soy and palm compete for exports and their prices often move in step.
Palm oil's benchmark third-month January contract on Bursa Malaysia Derivatives was up 11 ringgit at 1,421 ringgit ($377) a tonne.
The broader futures market closed up between 11 and 12 ringgit. Overall market volume was 4,242 lots of 25 tonnes each, compared with 3,457 lots on Monday.
The market can easily surpass 6,000 lots on a busy day, but traders are not expecting that to happen this week as players turn cautious ahead of long holidays next week.
The market will be closed for three days next week to mark the Hindu Diwali and Muslim Eid al-Fitr festivals.
The markets' leading export surveyor, Societe General de Surveillance estimated earlier on Tuesday that shipments of palm oil grew by 2.7 percent for the first 25 days of October versus September 1 to 25.