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NEWS ADMIN

DATE

12/02/2018

NEWS PROVIDER

Siti Safura Masiron

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Monday Feb 12

12/02/2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 12.

FUNDAMENTALS
* Malaysian palm oil futures rebounded from losses in its first half trading session, rising on Friday evening due to a weaker ringgit MYR= and expectations of stronger export data.

* U.S. wheat and corn futures fell on Friday, retreating from multi-month highs established a day earlier as traders took profits and focused on prospects for better weather in the drought-hit U.S. Plains wheat belt.

* Oil prices slid more than 3 percent on Friday as U.S. futures fell below $60 a barrel for the first time since December on renewed concerns about rising crude supplies.

MARKET NEWS
* Asian share markets were struggling to find their footing on Monday as investors fretted about the risks from looming U.S. inflation data, although early gains on S&P futures offered a sliver of support.

RELATED

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 EU says Bayer Monsanto must not hurt competition in digital farming-paper

 Brazil harvests 10 pct of soybeans as Paraná lags - AgRural

 Rains in Argentina grains belt provide relief to parched soy, corn

DATA/EVENTS

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

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


Read more at https://www.thestar.com.my/business/business-news/2018/02/12/palm-oil-market-factors-to-watch-feb-12/#vk8HDA3dIfXZdOTu.99