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NEWS ADMIN

DATE

05/12/2018

NEWS PROVIDER

Siti Safura Masiron

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Malaysian palm oil/Vegoils: Market factors to watch Wed Dec 5

05.12.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

 

FUNDAMENTALS

* Malaysian palm oil futures reversed earlier losses to gain at the end of the trading day, supported by a correction and on strength in crude oil prices.

* UU.S. soybean futures edged higher on Tuesday on hopes that a U.S.-China trade war truce over the weekend would result in fresh Chinese demand for U.S. soybeans, although no deals have been confirmed.

* U.S. oil prices slipped by 1 percent early on Wednesday, weighed down by a plunge in global stock markets amid concerns over an economic slowdown.

 

MARKET NEWS

* Asian stocks fell on Wednesday, dragged by Wall Street's tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth.

 

RELATED

Brazil's 2018/19 soybean crop could reach 130 mln T - Céleres

Australian sheep exporters to stop shipments to Middle East for 3 mths each year

China trade truce could benefit more U.S. ag than just soy -Braun

Global dairy prices gain for first time in six months

Malaysia sets licence renewal conditions for rare earths miner Lynas

 

DATA/EVENTS

Cargo surveyor AmSpec releases Malaysia's Dec 1-10 palm oil export data on Dec 10.

Cargo surveyor SGS releases Malaysia's Dec 1-10 palm oil export data on Dec 10. - Reuters

 

Read more at https://www.thestar.com.my/business/business-news/2018/12/05/palm-oil-market-factors-to-watch-dec-5/#howxjbtRZ8QWJCcx.99