Archived News

KUALA LUMPUR, March 2 - Malaysian palm oil futures declined for a third straight session on Tuesday, slipping to a one-week low on weaker soyoil prices and as cargo surveyors said exports in February witnessed a decline.

SINGAPORE: Palm oil may fall into a range of 3,466 ringgit to 3,545 ringgit per tonne, as it could have completed a rally from the Jan. 20 low of 3,160 ringgit.

KUALA LUMPUR, March 2 (Reuters) - Malaysian palm oil futures fell over 1% for a third straight session on Tuesday, slipping to a one-week low on expectations that inventories would rise due to a drop in exports and rising output.

WASHINGTON — Soybeans continued to be crushed for meal and oil in the United States at a record pace that, along with recent strong export demand, especially from China, raised concerns about rapidly diminishing soybean stocks this summer ahead of the 2021 harvest.

Close to 30,000 mt of soyoil traded in Argentina’s Up River hub on Tuesday after a fall in prices tempted Indian importers to switch away from Black Sea sunoil and pick up Argentine supply in one of the market’s busiest trading days for months.

CANBERRA — U.S. soybean futures edged higher on Wednesday as worries about adverse weather in Brazil stoked concerns about global supplies.

ZURICH, March 1 — Swiss voters will decide on a free trade agreement (FTA) with Indonesia on Sunday, with lower tariffs on palm oil imports the main issue in what the polls predict will be a tight referendum.

SINGAPORE: Palm oil may fall into a range of 3,624-3,673 ringgit per tonne, as it could have completed a bounce from the Jan. 20 low of 3,160 ringgit.

KUALA LUMPUR: Malaysia's trade report in January provides renewed optimism that a trade-led rebound has not been weighed down by the movement curbs, which still allow essential manufacturing sectors to operate, Moody's Analytics said.

The USDA says 2020’s domestic soybean crush was up 6% from 2019 at 66,223,435 tons.

On Monday, the CME Group’s farm markets close lower, following a double-digits higher start.

BEIJING/SHANGHAI: China's soybean futures on the Dalian Commodity Exchange hit a record high on Monday, on tight supply and as some farmers are expected to reduce soy acres in favour of corn on higher profit potential.