Malaysian Palm Oil/Vegoils: Market factors To Watch Tuesday April 24 - 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.
RELATED
Libya to cover 2018 grain needs with imports, eyes higher harvest
Malaysia says palm kernel cake could replace U.S. sorghum for China
Egypt's rice farmers see rough times downstream of new Nile mega-dam
Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia
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.
0 comments:
Post a Comment