Malaysian palm oil/Vegoils: Market factors to watch Tuesday April 24
24.04.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday April 24.
FUNDAMENTALS
* Malaysian palm oil futures declined on Monday evening, charting a second session of decline in three, as the market was pulled down by weaker demand and overnight losses in U.S. soyoil.
* U.S. soybean futures fell for a third straight session on Monday, with concerns about demand from China in focus amid a lack of fresh deals with the top global buyer of the oilseed, traders said.
* Oil prices rebounded from an early slide to finish higher and strengthen further in post-settlement trade, as investors feared U.S. sanctions could dampen Iran's output.
MARKET NEWS
* Asian stocks slipped and the U.S. dollar advanced on Tuesday, as a deluge of U.S. government debt this week and the spectre of inflation and a higher fiscal deficit drove U.S. borrowing costs near four-year highs.
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DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Apr 1-25 palm oil export data on Apr 25.
Cargo surveyor SGS releases Malaysia's Apr 1-25 palm oil export data on Apr 25. - Reuters