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NEWS ADMIN

DATE

10/08/2017

NEWS PROVIDER

Mohd Nasir Ismail

NEWS SOURCE

Reuters

CATEGORY

HEADLINE

VEGOILS-Market Factors to Watch August 10
10/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures rose to a one-week high on Wednesday evening, tracking stronger related edible oils, but pared some gains late in the session as the market traded cautiously ahead of the release of industry data.

* U.S. corn and wheat futures closed modestly higher on Wednesday while soybeans ended mixed as traders awaited key supply/demand reports due from the U.S. Department of Agriculture (USDA) on Thursday.   

* Oil futures rose in early Asian trading on Thursday, adding to gains from the previous session after official figures showed U.S. crude inventories fell more than expected.
   
MARKET NEWS

* Asian stocks steadied and U.S. Treasury bond prices fell slightly on Thursday as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea began to settle.
       
RELATED

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> Forbidden fruit: Indonesia palm oil plantations boost security to stop thieves
                    
DATA/EVENTS

> Cargo surveyor ITS releases Malaysia’s July 1-31 palm oil export data on August 10.

> Cargo surveyor SGS releases Malaysia’s July 1-31 palm oil export data on August 10.