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NEWS ADMIN

DATE

12/06/2018

NEWS PROVIDER

Siti Safura Masiron

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Tuesday June 12

12.06.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday June 12.

 

FUNDAMENTALS

* Malaysian palm oil futures extended a downward trend, closing 0.3 percent lower on Monday as weak demand weighed on prices.

* U.S. corn and soybean futures dropped to fresh multi-month lows on Monday as widespread rains across the Midwest farm belt bolstered production outlooks for recently planted crops.

* Oil prices were little changed in early Asian trading on Tuesday as markets awaited the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore.

 

MARKET NEWS

* The dollar jumped to a 3-week top on Tuesday while Asian shares started cautiously as investors were hopeful of a positive outcome from a highly anticipated U.S.-Korea summit, which could set the stage for ending a nuclear stand-off on the Korean peninsula.

 

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 COLUMN-Crop Watch suggests good, stable U.S. crop conditions -Braun

 French farmers block refineries, fuel depots over palm oil imports

 Coceral cuts EU wheat crop forecast due to dry weather

 

DATA/EVENTS

 Cargo surveyor AmSpec releases Malaysia's June 1-15 palm oil export data on June 18.

  Cargo surveyor SGS releases Malaysia's June 1-15 palm oil export data on June 18. - Reuters

 

Read more at https://www.thestar.com.my/business/business-news/2018/06/12/palm-oil-market-factors-to-watch-june-12/#AmljhMAHlld8eEXA.99