Malaysian palm oil/Vegoils: Market factors to watch Wednesday Nov 28
28.11.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday No 28.
FUNDAMENTALS
* Malaysian palm oil futures fell for a third day on Tuesday as a change in export levies by the world's top exporter Indonesia and weak demand weighed on the market.
* U.S. soybean futures firmed on Tuesday as brokers adjusted positions ahead of trade talks between China and the United States at the upcoming G20 meeting.
* Oil prices rose on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut.
MARKET NEWS
* Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute.
RELATED
Removing Indonesia palm oil levy will not help prices - refiner group
Indonesia to keep CPO export tax at zero for December
EPA will not reallocate waived biofuel volumes to 2019 mandate -official
DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Nov 1-30 palm oil export data on Dec 1.
Cargo surveyor SGS releases Malaysia's Nov 1-30 palm oil export data on Dec 1. - Reuters