Malaysian palm oil/Vegoils: Market factors to watch March 6
6 Mar 2019 (The Star Online) KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday March 6.
FUNDAMENTALS
* Malaysian palm oil futures inched higher on Tuesday, with traders expecting more upbeat outlooks from participants at an industry conference this week.
* Chicago grain futures struggled to gain any traction on Tuesday, with wheat rising slightly on technical buying and soybeans slipping as traders anxiously awaited more news on the U.S.-China trade talks.
* Oil prices held near flat on Tuesday as the market wavered on expectations the United States and China could reach a trade agreement as early as this month while awaiting U.S. government crude inventory data.
MARKET NEWS
* Asian stocks clung to tight ranges on Wednesday, as investors awaited fresh directional cues from U.S.-China trade negotiations and a weaker Wall Street finish capped broader gains, while robust U.S. economic data supported the dollar.
RELATED
China blocks some Canada canola shipments, Ottawa expresses concern
Malaysia in last ditch effort to avert EU palm oil curbs
French seed firm Vilmorin maintains some Iran sales, awaits EU scheme
India to reimburse freight for exports of some farm products
COLUMN-United States and China inch towards limited trade deal: Kemp
DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Mar 1-10 palm oil export data on Mar 11.
Cargo surveyor SGS releases Malaysia's Mar 1-10 palm oil export data on Mar 11.
Cargo surveyor ITS releases Malaysia's Mar 1-10 palm oil export data on Mar 11. - Reuters