Malaysian palm oil/Vegoils: Market factors to watch Tuesday Feb 13
13.02.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Feb 13.
FUNDAMENTALS
* Malaysian palm oil futures rose to their highest in a month on Monday evening, charting a fourth day of gains after supportive export data from the Malaysian Palm Oil Board (MPOB).
* Weather concerns sparked a rally in U.S. wheat and soybean futures on Monday, with forecasts for dry conditions threatening to reduce harvests in key growing areas, traders said.
* Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week.
MARKET NEWS
* Asian stocks pulled further away from two-month lows on Tuesday, lifted by Wall Street's extended rebound from last week's steep fall.
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DATA/EVENTS
Cargo surveyor ITS releases Malaysia's Feb 1-15 palm oil export data on Feb 15.
Cargo surveyor SGS releases Malaysia's Feb 1-15 palm oil export data on Feb 15.
- Reuters