Business News

Tuesday, 21 March 2017 | MYT 9:04 AM

Malaysian palm oil/Vegoils: Market factors to watch Tuesday Mar 21

Malaysian palm oil futures on Monday slipped to a second session of declines in three on weaker export data, while March output is expected to improve from a month ago.

Malaysian palm oil futures on Monday slipped to a second session of declines in three on weaker export data, while March output is expected to improve from a month ago.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday March 21.

FUNDAMENTALS

* Malaysian palm oil futures on Monday slipped to a second session of declines in three on weaker export data, while March output is expected to improve from a month ago.

* U.S. wheat futures fell on Monday, led lower by a 1.9 percent drop in K.C. hard red winter wheat forecasts for improving weather for crop development in key U.S. growing areas. 

* Oil prices slipped on Monday, despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing U.S. oil output and high inventories.


MARKET NEWS

* The U.S. dollar slumped to a six-week low on Monday on worries over a dovish Federal Reserve, while U.S. and European stock markets dipped amid concerns about G20 financial leaders' decision to drop a pledge to keep global trade free and open.


RELATED
 China, EU cut imports of Brazil meat amid scandal
 OPEC leans towards oil cut extension, but non-members need to be in - sources
 Turkish buyers put Russia wheat deals on hold, despite denial of ban - sources
 Hot, dry weather in Ivory Coast stokes concerns for cocoa mid-crop
 Biofuels credits surge ahead of EPA deadline for 2017 requirements

DATA/EVENTS
 Cargo surveyor ITS releases Malaysia’s Mar 1-25 palm oil export data on Mar 25.
 Cargo surveyor SGS releases Malaysia’s Mar 1-25 palm oil export data on Mar 25.
- Reuters

Tags / Keywords: Palm Oil , Plantations , Commodities , Stocks , Earnings , Economy , Corporate News , Economy , Investing , Indonesia , Markets , Oil & Gas

Property Related

advertisement

advertisement

advertisement