Malaysian palm oil.Vegoils: Market factors to watch Wednesday April 18
The Star Online (18/04/2018) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday April 18.
FUNDAMENTALS
* Malaysian palm oil futures rebounded from losses to gain over 1 percent at the end of the trading day on Tuesday, snapping six days of losses, lifted by profit-taking and gains in soyoil on the Chicago Board of Trade.
* Chicago Board of Trade corn futures fell to their lowest in nearly two weeks on Tuesday, their third straight day of declines, as traders shrugged off concerns about cold weather causing planting delays in the U.S. Midwest.
* Oil prices edged up on Wednesday, lifted by a reported fall in U.S. crude inventories and by the ongoing risk of supply disruptions.
MARKET NEWS
* Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.
RELATED
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DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Apr 1-20 palm oil export data on Apr 20.
Cargo surveyor SGS releases Malaysia's Apr 1-20 palm oil export data on Apr 20. - Reuters