The euro and dollar fell against the yen in Asia Thursday as China's stronger-than-expected price data stoked concerns about more monetary tightening in that... »
BMD CPO futures down midday on worries that China will raise interest rates after inflation rose in February. "Sharp declines in Chinese commodities (prices) led to spillover selling pressure on the BMD," »
BMD CPO futures lower on long liquidation, tracking lower crude oil futures during Asian trading hours, traders say. Palm oil inventories in Malaysia lower and may cap further declines on BMD, says trading executive in Kuala Lumpur »
BMD CPO futures may open MYR20-MYR30 higher, tracking overnight rise in crude oil, soyoil futures. But market may trade lower as traders cautious after analysts James Fry and Thomas Mielke say at palm oil conference yesterday that palm oil's discount to soyoil »
Larger-than-expected drop in Malaysian palm oil inventories bodes well for crude palm oil (CPO) prices, Singapore's plantation plays, says Goldman Sachs. "Declining palm oil inventories in Malaysia are supportive for CPO prices and we maintain our »
BMD CPO futures up on record low end-month stock levels, say traders. Benchmark May CPO contract up MYR22 at MYR2,672/ton. According to MPOB data, end-February stocks down 11% on month at 1.79 million tons, lowest »
BMD CPO futures up in thin trade; participants await MPOB, export data, traders say. Benchmark May CPO contract up MYR18 at MYR2,668/ton. "There isn't much trading activity as many traders are away at the palm oil conference and »
BMD CPO futures expected to open MYR5 higher on stronger export data, traders say. Market to focus on estimates for Malaysia's March 1-10 exports as well as MPOB data on February production, exports, end-month stocks due today. »
BMD CPO futures tad up as participants await news from palm oil conference, say traders. Benchmark May CPO contract up MYR1 at MYR2,710, after trading in negative territory morning on weak crude oil, soyoil futures. »
BMD CPO futures down tracking weak crude oil, soyoil futures in after-hours trade, say traders. Benchmark May CPO contract down MYR6 at MYR2,703/ton. Crude oil futures down $0.33 at $80.14/bbl, soyoil futures for May delivery down 11 points at 40.17 cents/pound. »
BMD CPO futures expected to open MYR10 higher; bullish news expected from palm oil conference in Kuala Lumpur likely to support prices, traders say. Vegoil analyst Dorab Mistry expected to give CPO price forecast today; participants expect Mistry »
BMD CPO futures up; participants expect bullish comments from palm oil conference, which starts tomorrow, say traders. "Some traders are trying to push up prices ahead of speeches by noted vegoil analysts like Thomas Mielke and Dorab Mistry. »
BMD CPO futures up; palm oil conference to focus on diminishing differential between soyoil, crude palm oil prices, say participants. As CPO output expected to decline in next few years, soyoil output seen up, likely prompting CPO prices to narrow discount to soyoil, say participants at conference. »
BMD CPO futures up in thin trade on stronger crude oil, soyoil futures, traders say. Benchmark May CPO contract up MYR20 at MYR2,690/ton. Brent April crude oil futures in after-hours trade up $0.51 at $80.40/bbl, CBOT soyoil futures for »
CBOT soyoil may provide mild support for BMD CPO futures today, traders say. Optimistic outlooks for increased soyoil use in global markets have underpinned soyoil prices, says »
BMD CPO futures may open MYR10-MYR20 higher, tracking crude oil, traders say. Light, sweet crude for April trading 42 cents higher at $81.92/bbl on Globex. Trade expected to be thin, as many participants away for palm oil conference in Kuala Lumpur, »
BMD CPO futures up but off highs on mild profit-taking, traders say. "The weak follow-through buying momentum prompted some investors to take profit after prices failed to breach MYR2,700," Kuala Lumpur-based trading executive says. »
BMD CPO futures higher midday; higher crude oil, soyoil futures during Asian trading hours buoy prices, traders say. Prices off highs on mild profit-taking, but "may ascend to new highs later in the day. Expect prices to soar to the previous high of MYR2,726/ton," says Malaysia-based exporter. »
BMD CPO futures open tad lower at opening before moving into positive territory, rising to highest level since Jan. 6 on short covering, speculative buying interest due to bullish supply-demand outlook. Prices likely to extend gains and may breach key resistance »
Lower overnight soyoil may place downward pressure on palm oil initially at opening, says Kuala Lumpur-based broker. May soyoil settled 40 points, or 0.99%, lower at 40.00 cents/pound on CBOT Thursday. »
BMD CPO futures may open MYR5-MYR10 lower, tracking overnight weakness in crude oil, soyoil futures. "Prices may open a tad lower initially. However, they may rebound later on short covering and speculative buying interest," says Kuala Lumpur-based trading executive »
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