Malaysian Palm Oil/Vegoils: Market Factors to Watch Friday June 22

June 22nd, 2018


Category: Miscellaneous

( – The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 22.

Malaysian palm oil futures fell for a fourth straight day on Thursday, hitting a two-year low, as weak sentiment persisted due to concerns about a trade war between China and the United States and on losses in U.S. soyoil.

Chicago soybean futures edged up on Friday but remained on track for their fourth week of decline, pressured by concerns over a trade war between Washington and Beijing.

Oil prices rose by more than 1 percent in early Asian trading on Friday, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.

Stocks on world markets edged higher on Wednesday, following a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. central bank should continue with a gradual pace of interest rate hikes.



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