The Star Online (12/07/2018) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday July 12

FUNDAMENTALS

* Malaysian palm oil futures fell over 2 percent to a two-year low on Wednesday evening, tracking weakness in related oils on China's Dalian Commodity Exchange and as an escalating U.S.-China trade conflict weighed on the market.

* U.S. soybean futures dropped to contract lows on Wednesday and the most active contract closed at the lowest in nearly 10 years as an escalating trade war with China stoked worries about long-term export demand from the world's top importer of the oilseed.

* Global benchmark Brent crude oil had its biggest one-day drop in two years on Wednesday as escalating U.S.-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply.

MARKET NEWS

* Asian stocks remained under pressure on Thursday from fears of an escalation in the U.S.-China trade war, while the dollar stood stall after rallying against its peers amid the turmoil in broader markets.

RELATED
> U.S. soybean futures plummet as China trade tensions rise > Financial investors slightly cut net long position in Euronext wheat

> U.S. weather, trade fears hit prices; corn at new lows > Indonesia says scrapping plans to bring back soybean import tax


DATA/EVENTS

 Cargo surveyor AmSpec releases Malaysia's July 1-15 palm oil export data on July 16.

 Cargo surveyor SGS releases Malaysia's July 1-15 palm oil export data on July 16. - Reuters

Read more at https://www.thestar.com.my/business/business-news/2018/07/12/palm-oil-market-factors-to-watch-july-12/