[Back]   [Comments]  [Print]

NEWS ADMIN

DATE

13/02/2018

NEWS PROVIDER

Siti Safura Masiron

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Tuesday Feb 13

13.02.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Feb 13.


FUNDAMENTALS

* Malaysian palm oil futures rose to their highest in a month on Monday evening, charting a fourth day of gains after supportive export data from the Malaysian Palm Oil Board (MPOB).

* Weather concerns sparked a rally in U.S. wheat and soybean futures on Monday, with forecasts for dry conditions threatening to reduce harvests in key growing areas, traders said.

* Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week.

 

MARKET NEWS

* Asian stocks pulled further away from two-month lows on Tuesday, lifted by Wall Street's extended rebound from last week's steep fall.

 

RELATED

 Ivory Coast heat and patchy rain mixed for cocoa midcrop

 German grain trading house Mackprang says applies for insolvency

 COLUMN-Funds cover more CBOT shorts amid continued weather woes –Braun

 Most of Ukraine grain crops rated good or satisfactory state

 Russian wheat prices lifted by global benchmarks and port disruption

 

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/2018/02/13/palm-oil-market-factors-to-watch-feb-13/#rqr5XBqy1pLwrKKD.99