MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Oct 1
VEGOILS-Market Factors to Watch Oct 1
01/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures extended losses to end lower on Wednesday, weighed down by lower-than-expected export data and as traders booked profits after recent gains. POI/
* U.S. wheat futures rebounded on Wednesday, after a government report showed that wheat production was less than traders had expected. GRA/
* Oil prices ended mixed in volatile trade on Wednesday, with global benchmark Brent up on worries about Russian airstrikes in Syria and U.S. crude down after data showing a surge in domestic inventories. O/R
MARKET NEWS
* Global equities ended their worst quarter since the 2011 euro zone crisis on an upbeat note with a rally on Wednesday on hopes that Wall Street had bottomed and the commodities rout was over, while the dollar also rose.
FUNDAMENTALS
* Malaysian palm oil futures extended losses to end lower on Wednesday, weighed down by lower-than-expected export data and as traders booked profits after recent gains. POI/
* U.S. wheat futures rebounded on Wednesday, after a government report showed that wheat production was less than traders had expected. GRA/
* Oil prices ended mixed in volatile trade on Wednesday, with global benchmark Brent up on worries about Russian airstrikes in Syria and U.S. crude down after data showing a surge in domestic inventories. O/R
MARKET NEWS
* Global equities ended their worst quarter since the 2011 euro zone crisis on an upbeat note with a rally on Wednesday on hopes that Wall Street had bottomed and the commodities rout was over, while the dollar also rose.