Malaysian palm oil/Vegoils: Market factors to watch Wednesday Mar 28
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.
RELATED
Brazil soybean prices surge as U.S.-China trade spat deepens
OPEC, Russia consider 10- to 20-year oil alliance -Saudi Crown Prince
Argentine soy crush workers to start wage strike late Tuesday
Late spring to cut Ukraine barley, raise maize output -analyst
Smithfield CEO downplays impact of possible China pork tariffs
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