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MARKET DEVELOPMENT
Malaysian palm oil/Vegoils: Market factors to watch Monday Mar 27
calendar27-03-2017 | linkThe Star Online | Share This Post:

27/03/2017 (The Star Online) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Mar 27.

FUNDAMENTALS

* Malaysian palm oil futures fell to their lowest in a week on Friday evening, tracking weaker performing related oils.

* U.S. soybean futures dropped 1.6 percent on Friday to their lowest level in more than five months on pressure from rising forecasts for already-robust South American harvests, traders said. 

* Oil rose modestly on Friday in a spate of late-day activity, but fell on the week as concerns persisted over an excess of crude.


MARKET NEWS

* Asian stocks are set to start the week on a cautious note as President Donald Trump's stunning failure to get healthcare reform passed raised concerns about the prospects for his plans to use fiscal stimulus to boost economic growth.


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 Malaysia's March 1 - 25 palm oil exports fall 1.2 pct -ITS
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 U.S. feedlot cattle placements dip for first time in 4 months
 Armyworms ravage Ugandan maize, raising fears for drought-hit region

DATA/EVENTS
 Cargo surveyor ITS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31.
 Cargo surveyor SGS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31.- Reuters