Malaysian palm oil/Vegoils: Market factors to watch Monday Feb 25
25.02.2019 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 25.
FUNDAMENTALS
* Malaysian palm oil futures reversed early gains on Friday to close in negative territory, tracking declines in soyoil on the U.S. Chicago Board of Trade.
* U.S. grain and soy futures seesawed on Friday as traders waited for signs that Washington and Beijing were making progress toward a trade agreement that could boost Chinese imports of U.S. crops.
* Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce a deal, although new record U.S. oil supply limited gains.
MARKET NEWS
* Asian share markets looked well set on Monday after U.S. President Donald Trump confirmed he would delay a planned increase on Chinese imports as talks between the two sides were making "substantial progress".
RELATED
China commits to buy 10 mln tonnes U.S. soy in White House meeting -Perdue
USDA sees U.S. corn, soy stockpiles tightening in 2019/20
France wants agriculture kept out of a EU-US trade deal -Elysee
Indonesia to tap nickel laterite, make batteries to become EV hub
Saudi Arabia strikes $10 bln China deal, talks de-radicalisation with Xi
DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Feb 1-25 palm oil export data on Feb 25.
Cargo surveyor SGS releases Malaysia's Feb 1-25 palm oil export data on Feb 25
Cargo surveyor ITS releases Malaysia's Feb 1-25 palm oil export data on Feb 25 . - Reuters