20/12/2017 (The Star Online ) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Dec 20.
FUNDAMENTALS
* Malaysian palm oil futures declined on Tuesday evening as high end-stocks and sluggish demand dented sentiment but pared an earlier 1 percent drop.
* U.S. soybean futures fell on Tuesday for the ninth time in 10 sessions on technical selling and forecasts for crop-boosting rains in South America.
* Oil edged up toward $64 a barrel on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and expectations that U.S. crude inventories had fallen for a fifth week.
MARKET NEWS
* Global stock markets edged lower on Tuesday, while U.S. Treasury yields rose, as Republican legislation with steep cuts to corporate taxes cleared the House of Representatives and headed
towards a final vote in the Senate.
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Price spike in sulphur leaves farmers, fertilizer makers sour
DATA/EVENTS
Cargo surveyor ITS releases Malaysia's Dec 1-20 palm oil export data on Dec 20.
Cargo surveyor SGS releases Malaysia's Dec 1-20 palm oil export data on Dec 20.
- Reuters
Read more at https://www.thestar.com.my/business/business-news/2017/12/20/palm-oil-market-factors-to-watch-dec-20/#APEK6q2AL5yC2lEJ.99
