Malaysian palm oil/Vegoils: Market factors to watch Friday Dec 14


  • Palm Oil
  • Friday, 14 Dec 2018

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

FUNDAMENTALS

* Malaysian palm oil futures rose on Thursday, helped by steady crude oil prices and a broad improvement in global market sentiment.

* U.S. soybean futures fell to a one-week low on Thursday as confirmation of a 1.13 million-tonne U.S. soybean sale to China failed to impress traders who are shifting their focus to burdensome U.S. and global supplies, analysts said.

* Oil prices climbed more than 2 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought.

MARKET NEWS

* A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme.

RELATED

NOPA November U.S. soy crush seen at 168.444 mln bushels -survey

Brazil soy farmers should be paid to preserve forest -industry group

U.S. confirms China soybean purchase, but no clarity over more sales

US Agriculture chief predicts more farm aid payouts despite China soy purchases

Brazil's truck freight rules hinder soy sales -Abiove

DATA/EVENTS

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

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


   

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