Malaysian palm oil/Vegoils: Market factors to watch Friday Oct 19
19.10.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Oct 19.
FUNDAMENTALS
* Malaysian palm oil futures fell on Thursday, snapping two days of gains, as it tracked weaker crude oil prices and a drop in U.S. soyoil in Chicago.
* U.S. soybean futures fell more than 2 percent on Thursday, with the benchmark November contract recording its largest single-day decline since August, on disappointing weekly export sales and improving U.S. harvest weather, analysts said.
* Oil prices fell on Thursday as investors' concerns returned to the impact an escalating trade row between China and the United States will have on oil demand growth and data showing ample supplies.
MARKET NEWS
* Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia.
RELATED
Argentina 2018-19 soy planting area seen at 17.5 mln hectares
Argentina transport union announces strike; could impact grain shipments
EPA chief says agency can expand ethanol sales without Congress
DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Oct 1-20 palm oil export data on Oct 20.
Cargo surveyor SGS releases Malaysia's Oct 1-20 palm oil export data on Oct 20. - Reuters