[Dow Jones] BMD CPO futures

[Dow Jones] BMD CPO futures up as droughts threaten key vegetable oil crops, traders say. Benchmark April CPO contract up MYR65 at MYR1,945/ton. Droughts in Argentina, China pose threat to countries' soybean output - seen as bullish for CPO prices as palm oil key substitute for soyoil, traders say. Shipments to China during Feb. 1-10 more than double at 112,319 tons from 47,920 tons month earlier. Market participants awaiting export data from cargo surveyor SGS later this afternoon. Market to try to break through MYR1,950 resistance in afternoon trade, but weak export data may cap gains, says a Kuala Lumpur-based trader