MPOB Palmnews
 
Date
 15/03/2019
News Provider
 Nur Aisha Abd. Wahab
News Source
 The Star Online
Headline
 Malaysian palm oil/Vegoils: -Market factors to watch Friday March 15

The Star Online (15/03/2019) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday March 15.

FUNDAMENTALS

* Malaysian palm oil futures fell for a seventh consecutive session on Thursday to a three-month low, as concerns over slowing demand and rising production dragged down the market.


* Chicago Board of Trade wheat futures rallied on Thursday for the second time in three days, hitting their highest in more than a week as investors scrambled to unwind short positions, traders said.


* Oil prices steadied on Thursday after hitting 2019 highs as OPEC built its case to extend its production cut program past June while lowering its forecast for crude demand.

MARKET NEWS


* A gauge of global equity markets traded little changed on Thursday as European shares rose ahead of new voting that backed a Brexit delay and bolstered the dollar, while Wall Street meandered on uncertainty over U.S.-China trade talks.

RELATED


 China makes major U.S. pork purchase despite steep import tariffs, as hog virus


 Fearing new oil glut, OPEC builds case for keeping supply cuts


 SPECIAL REPORT-How Russia sank billions of dollars into Venezuela quicksand

 Why U.S. growers are betting the farm on soybeans amid China trade war

 India to buy 12 pct less Iran oil in April vs March- sources

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/2019/03/15/palm-oil-market-factors-to-watch-march-15/#RBZo7Zw3WzZfYG3L.99