Malaysian palm oil market factors to watch Monday Jan 14
14.01.2019 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets .on Monday Jan 14
FUNDAMENTALS
* Malaysian palm oil futures rebounded from a one-week low on Friday, tracking rises in crude oil prices.
* U.S. wheat futures rallied from one-week lows on Friday in a technical and bargain-buying bounce as a weakened U.S. dollar and rising wheat prices in rival exporting nations boosted prospects for U.S. shipments.
* Oil prices fell nearly 2 percent on Friday as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by U.S.-China trade hopes, but clung to some gains from that rally to end the week higher.
MARKET NEWS
* Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world's second-biggest economy is dragging on global growth.
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DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Jan 1-15 palm oil export data on Jan 15.
Cargo surveyor SGS releases Malaysia's Jan 1-15 palm oil export data on Jan 15.
Cargo surveyor ITS releases Malaysia's Jan 1-15 palm oil export data on Jan 15.
Industry regulator the Malaysian Palm Oil Board releases Malaysia's December palm oil data on Jan 15. - Reuters