Malaysian palm oil/Vegoils: Market factors to watch Friday Sept 14
The Star Online (14/09/2018) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Sept 14.
FUNDAMENTALS
* Malaysian palm oil futures edged higher on Thursday evening to snap four sessions of declines on a technical correction and support from a strong demand outlook.
* Chicago Board of Trade soybean futures eased on Thursday, giving up early gains after U.S. President Donald Trump said the United States was under no pressure to make a trade deal with China, the biggest buyer of the oilseed.
* Oil prices fell more than 2 percent on Thursday, with Brent slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.
MARKET NEWS
* Signs of movement in the U.S.-China trade stand-off and an interest rate hike in emerging market trouble-spot Turkey sent an index of global stocks higher on Thursday as risk appetite returned.
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DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Sept 1-15 palm oil export data on Sept 15.
Cargo surveyor SGS releases Malaysia's Sept 1-15 palm oil export data on Sept 15.- Reuters