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Malaysian palm oil/Vegoils: Market factors to watch Wednesday Mar 28
calendar28-03-2018 | linkThe Star Online | Share This Post:

28.03.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday March 28.

 

FUNDAMENTALS

* Malaysian palm oil futures edged down at the end of the trading day on Tuesday as a stronger ringgit and expectations of a rise in output in the coming months weighed on the edible oil's prices.

* U.S. wheat futures declined on Tuesday as rains in the Southern Plains breadbasket boosted prospects for the region's drought-hit winter wheat crop, analysts said.

* Oil prices settled slightly lower on Tuesday, only to fall in post-settlement electronic trading as stocks slumped and industry group data showed a surprising increase in crude inventories.

 

MARKET NEWS

* U.S. stocks sank in late trading on Tuesday, with faltering technology shares reversing a global stock rally that had swept through Asia and Europe.

 

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DATA/EVENTS

 Cargo surveyor AmSpec releases Malaysia's Mar 1-30 palm oil export data on Mar 30.

 Cargo surveyor SGS releases Malaysia's Mar 1-30 palm oil export data on Mar 30.

- Reuters