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Malaysian palm oil/Vegoils: Market factors to watch Wednesday Mar 14


  • Palm Oil
  • Wednesday, 14 Mar 2018

Malaysian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said.

Malaysian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said.

KUALA LUMPUR The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday March 14.

FUNDAMENTALS
* Malaysian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said.  

* U.S. corn futures climbed to a seven-month high on Tuesday, buoyed by robust export demand amid drought conditions in No. 3 global shipper Argentina, traders said.    

* Oil fell more than 1 percent on concerns over rising U.S. production and as equities fell, erasing earlier gains driven in part by the firing of U.S. Secretary of State Rex Tillerson.


MARKET NEWS

* Asian shares eased on Wednesday amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as a moderate in his administration, and eyes hefty
tariffs on Chinese imports.

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 Argentina to provide debt relief to drought-hit farmers

 NOPA February soybean crush seen at 149.443 mln bushels -survey

 U.S. lawmakers find fix on grain cooperative tax break

DATA/EVENTS

 Cargo surveyor ITS releases Malaysia's Mar 1-15 palm oil export data on Mar 15.

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

Palm Oil , Plantations , Markets

   

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