Malaysian palm oil/Vegoils: Market factors to watch Monday Jan 22
22/01/2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Jan 22.
FUNDAMENTALS
* Malaysian palm oil futures fell for a fourth straight day on Friday, weighed down by a stronger ringgit and concerns over slow exports.
* U.S. soybean futures rose for the fifth straight day on Friday, hitting their highest in 5-1/2 weeks as concerns about crop development in South America fuelled buying, traders said.
* Oil prices ended down on Friday and broke a four-week winning streak after a rally that had taken benchmarks to three-year highs, as investors sold positions on re-emerging U.S. production concerns.
MARKET NEWS
* World equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued their ascent to hit their highest levels since September 2014.
RELATED
Malaysian palm prices to rise to 2,500-2,700 rgt/T range -analyst Mistry
Palm oil prices seen rising to 2,700 rgt/t in next 3 months - analyst Fry
Ahead of China's biggest celebration, palm oil demand seen lukewarm
Brazil soy harvest lags last year, less beans ready for the market
ADM pursues big ag merger with grain trader Bunge-source
DATA/EVENTS
Cargo surveyor ITS releases Malaysia's Jan 1-25 palm oil export data on Jan 25.
Cargo surveyor SGS releases Malaysia's Jan 1-25 palm oil export data on Jan 25. – Reuters.