Malaysian palm oil/Vegoils: Market factors to watch Friday Oct 20
The Star Online (20/10/2017) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Oct 20.
FUNDAMENTALS
* Malaysian palm oil futures continued to fall on Thursday evening in its second consecutive session, tracking weakness on China's Dalian Commodity Exchange and on estimates of rising palm oil production.
* U.S. soybean futures firmed on Thursday on supportive export demand and light bargain buying following a three-day slide, along with renewed optimism about demand for soy-based biodiesel fuel, analysts said.
* Oil markets edged up on Friday, recovering some of the previous day's losses, as analysts pointed to signs of a tightening market.
MARKET NEWS
* World stock markets were flat on Thursday as a report on President Donald Trump's possible selection to lead the U.S. Federal Reserve pushed Wall Street to the plus side and sent U.S. Treasury yields lower.
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DATA/EVENTS
Cargo surveyor ITS 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