MPOB Palmnews
 
Date
 14/03/2019
News Provider
 Nur Aisha Abd. Wahab
News Source
 The Star Online
Headline
 Malaysian palm oil/Vegoils: Market factors to watch Thursday March 14

The Star Online (14/03/2019) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures slid for a sixth consecutive session on Wednesday to their lowest in three months on pressure from expectations of lower demand in top importer India and rising domestic production.


* U.S. wheat futures eased 1.2 percent on Wednesday, setting back on a mild round of profit taking after prices posted their biggest rally since last summer on Tuesday.


* Oil futures rallied about 2 percent on Wednesday as U.S. crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world's top producer was revised lower.

MARKET NEWS


* World equity markets advanced broadly on Wednesday after U.S. data again showed risk-friendly low inflation, which weakened the dollar, while Boeing shares gained even as the United States said it would ground the company's 737 MAX aircraft.


RELATED


 U.S. aims to cut Iran oil exports to under 1 mln bpd from May -sources

 U.S. crude stockpiles drop unexpectedly last week -EIA


 EXCLUSIVE-CERAWEEK-Exxon eyes Israel gas bid in major Middle East shift

 China becomes world's biggest importer of rare earths - analysts


 Venezuela's Jose oil terminal resumes shipments after blackout -sources, data


DATA/EVENTS


 Cargo surveyor AmSpec releases Malaysia's Mar 1-15 palm oil export data on Mar 15.


 Cargo surveyor SGS releases Malaysia's Mar 1-15 palm oil export data on Mar 15.


 Cargo surveyor ITS releases Malaysia's Mar 1-15 palm oil export data on Mar 15. - Reuters



Read more at https://www.thestar.com.my/business/business-news/2019/03/14/palm-oil-market-factors-to-watch-march-14/#twvM2dCXb9jKHsgs.99