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Malaysian palm oil/Vegoils: Market factors to watch Monday Dec 4
calendar04-12-2017 | linkThe Star Online | Share This Post:

04/12/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 4.

 

FUNDAMENTALS

* Malaysian palm oil futures made their sharpest daily gains in a month on Thursday, tracking rises in soyoil on the Chicago Board of Trade and supported by a weaker ringgit, traders said.

* U.S. soybean futures rose Friday and corn futures hit a three-week high, following broad strength in commodities at the start of the month and a softer U.S. dollar, analysts said.

* Oil prices settled up slightly on Friday, but came off session highs as financial markets reeled from an ABC News report that added to concerns about President Donald Trump's exposure to a probe into Russian meddling in last year's campaign.

 

MARKET NEWS

* The U.S. dollar bounced to a two-week top on Monday as traders celebrated the passage of a Senate tax bill over the weekend, while stronger U.S. stock futures pointed to a merry start for Asian shares.

 

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 Three years too short to replace glyphosate, French farmers say

 

DATA/EVENTS

 Cargo surveyor ITS releases Malaysia's Dec 1-10 palm oil export data on Dec 10.

 Cargo surveyor SGS releases Malaysia's Dec 1-10 palm oil export data on Dec 10.

- Reuters