MARKET DEVELOPMENT
Malaysian palm oil/Vegoils: Market factors to watch Tuesday Feb 12
Malaysian palm oil/Vegoils: Market factors to watch Tuesday Feb 12
12 Feb 2019 (The Star Online) KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Feb 12.
FUNDAMENTALS
* Malaysian palm oil futures fell over 1 percent to their lowest in nearly three weeks on Monday as traders turned bearish due to a weaker outlook for exports.
* U.S. soybean futures fell about 1 percent on Monday on improving crop weather in South America and worries about a looming March 1 deadline for a U.S.-China trade agreement, analysts said.
* Oil prices edged lower on Monday as worries surrounding the resumption of U.S.-China trade talks overshadowed support from OPEC-led supply restraint.
MARKET NEWS
* Stock markets globally inched higher on Monday after China struck an upbeat tone as trade talks between the United States and Beijing resumed, though worries remained over the fate of Brexit.
RELATED
EU targets palm oil for road fuel phase-out, but with exemptions > Can "Big Brother" technology clean up palm oil's image? > Malaysia's Jan palm oil stocks ease from highest on record
Brazil's 2018/19 soy crop expected to be smallest in 3 years -
DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Feb 1-15 palm oil export data on Feb 15.
Cargo surveyor SGS releases Malaysia's Feb 1-15 palm oil export data on Feb 15. > Cargo surveyor ITS releases Malaysia's Feb 1-15 palm oil export data on Feb 15. - Reuters
Read more at https://www.thestar.com.my/business/business-news/2019/02/12/palm-oil-market-factors-to-watch-feb-12/#PhsXmlMMqh2TIQkc.99