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.
* 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.
* 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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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