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Malaysian palm oil/Vegoils: Market factors to watch Thursday Oct 26.
calendar26-10-2017 | linkThe Star Online | Share This Post:

The Star Online (26/10/2017) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Oct 26.

FUNDAMENTALS

* Malaysian palm oil futures jumped on Wednesday evening, supported by gains in overseas rival oils prices and a rise in October exports.

* Chicago Board of Trade wheat futures eased on Wednesday on a round of profit taking after prices firmed to 2-1/2 week highs during the session.

* U.S. oil prices slipped on Wednesday after a surprising increase in U.S. crude inventories, while U.S. gasoline futures rallied 1 percent on a sharp falloff in inventories.

MARKET NEWS

* U.S. and European stock markets were knocked lower on Wednesday by corporate earnings concerns, while U.S. bond yields rose on a combination of robust economic data and swirling
speculation over who will next lead the Federal Reserve.

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 Brazil's agriculture ministry seeks approval to import duty-free wheat

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 South Korea's KFA buys about 60,000 T soymeal in tender - trade

DATA/EVENTS

Cargo surveyor ITS releases Malaysia's Oct 1-31 palm oil export data on Oct 31.
Cargo surveyor SGS releases Malaysia's Oct 1-31 palm oil export data on Oct 31.
- Reuters