Malaysian palm oil/Vegoils: Market factors to watch Friday Dec 7

December 7th, 2018


Category: Uncategorized

( –  Malaysian palm oil futures recovered from a one-week low hit earlier on Thursday as traders forecast slowing output amid some short-covering.

U.S. soybean futures fell for the first time in five sessions on Thursday as the arrest of a senior executive at China’s Huawei Technologies Co Ltd HWT.UL stoked concerns about a U.S.-China trade truce that has yet to produce a resumption of U.S. soybean sales to China.

U.S. oil prices stabilised on Friday, buoyed by a fall in U.S. crude oil inventories, but sentiment remained weak as producer group OPEC postponed a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia.

Asian share markets tried to find their footing on Friday as speculation the
Federal Reserve might be “one-and-done” with U.S. rate hikes helped salve some
wounds after a punishing week.


Argentina soybean exports may hit record high next year-exchange

Egypt’s GASC buys 350,000 tonnes of wheat – trade

Noble Group’s $3.5 bln restructuring at risk as authorities block new listing

OPEC tentatively agrees oil cut, waits for Russia to commit

Malaysian uncertainties complicate Aussie miner Lynas’ growth plans


Cargo surveyor AmSpec releases Malaysia’s Dec 1-10 palm oil export data on Dec 10.

> Cargo surveyor SGS releases Malaysia’s Dec 1-10 palm oil export data on Dec 10. – Reuters



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