Malaysian palm oil/Vegoils: Market factors to watch Monday March 11
The Star Online (11/03/2019) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday March 11.
FUNDAMENTALS
* Malaysian palm oil futures reversed early gains to close lower on Friday, charting a third straight day of losses on weaker demand outlook.
* Iraq's state grain board bought 100,000 tonnes of U.S. and Canadian wheat in an international purchasing tender, traders said on Sunday.
* Oil prices fell about 1 percent on Friday after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.
MARKET NEWS
* Global stocks lost ground on Friday and the dollar softened for the first time in eight sessions after a disappointing U.S. payrolls report exacerbated concerns that the world economy was slowing.
RELATED
Malaysia says EU palm oil curbs lack scientific proof, breach WTO rules
Crushed: Argentina's soymeal plants battered by trade war and taxes
USDA confirms sales of 664,000 tonnes of soy to China
Falling exports, ethanol production boosts U.S. corn stocks-USDA
Corn hits contract lows, soy sags, wheat firm after USDA data
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