Malaysian palm oil/Vegoils: Market factors to watch Monday Feb 19
The Star Online (19/02/2018) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 19.
FUNDAMENTALS
* Malaysian palm oil futures edged up slightly around noon on Thursday, snapping two sessions of declines, tracking overnight gains in U.S. soyoil on the Chicago Board of Trade (CBOT).
* U.S. soybean futures fell from their highest since late July on Friday as traders locked in profits from this week's weather-driven rally.
* Oil prices extended gains on Monday, but the increases were limited as the dollar recaptured some ground after touching its lowest level in more than three years on Friday.
MARKET NEWS
* The dollar rose and stocks around the globe rallied for a sixth straight session on Friday to post their best week in more than two years, but a U.S. indictment over alleged Russian meddling in the 2016 presidential election cooled gains on Wall Street.
RELATED
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Grain movements at northern Brazil ports jumped 80 pct in 2017
U.S. sets largest offshore oil, gas lease auction for March
DATA/EVENTS
Cargo surveyor ITS releases Malaysia's Feb 1-20 palm oil export data on Feb 20.
Cargo surveyor SGS releases Malaysia's Feb 1-20 palm oil export data on Feb 20. - Reuters