Malaysian Palm Oil Futures Fall More Than 1%
Malaysian palm oil futures extended losses for a second straight session as weaker Dalian oils and elevated stockpiles weighed on prices.
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Malaysian palm oil futures extended losses for a second straight session as weaker Dalian oils and elevated stockpiles weighed on prices.
Malaysian palm oil futures fell more than 1% on Wednesday as profit-taking near the top of the trading range outweighed gains in rival vegetable oils on the Dalian Commodity Exchange.
Malaysian palm oil futures surged more than 3% to above MYR 4,750 per tonne, erasing prior losses and hitting a three-week high. Firmer edible oils on China’s Dalian exchange and Chicago markets boosted sentiment, while supply concerns in top producer Indonesia also added support. The Indonesian Palm Oil Association pr
(Update with midday break prices, adds trader's comment) JAKARTA, Oct 15 (Reuters) — Malaysian palm oil futures eased on Thursday, snapping a three-session rally as weaker rival vegetable oils on the Dalian and Chicago markets weighed on prices, while traders awaited export data for fresh demand cues. The benchmark Dec
Oct 15 (Reuters) — Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8,727.90 −56.00 NZX 50** 13,760.39 10.79 DJIA 51,621.48 −48.62 NIKKEI** 67,744.29 −33.23 Nasdaq 26,692.87 −511.51 FTSE** 10,724.86 74.53 S&P 500 7,718.94 −86.51 Hang Seng** 24,314.17 −31.05 SPI 200 Fut 8,724.0 -63.5 STI** 5,423.33 -7.17 SSEC
Malaysian palm oil futures dropped for a second session on Wednesday, with the benchmark December contract down 36 ringgit, or 0.79%, to 4,524 ringgit ($1,107.20) a metric ton, weighed down by concerns over rising inventories. Prices were also supported by firmer crude oil prices.
Reuters Asia morning markets round-up for Sept. 30 showed global equities mostly lower, with major bond yields elevated and currencies mixed. Gold rose 1% after a recent low, while Brent crude fell.
November canola rose $14.70 to $823.70 per metric ton as delayed prairie harvest raises yield-loss concerns and a weaker Canadian dollar supports prices.
Stock markets were mixed across Asia and elsewhere on Tuesday as bond yields extended recent gains. Gold rose 1%, while the dollar strengthened against major currencies.
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
Benchmark December contract fell 9 ringgit to 4,663 ringgit a ton at the close; rival soyoil and palm oil prices in Dalian also eased.
Benchmark December contract on Bursa Malaysia fell 13 ringgit to 4,659 ringgit a metric ton.
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
Global stocks rose, led by AI-linked tech shares, while oil fell on reports more supply was leaving the Gulf than previously thought. The note also listed closing levels for major equity, bond, currency and commodity markets.
Malaysian palm oil futures were muted, with the benchmark December contract falling 0.04% to 4,896 ringgit ($1,201.47) a metric ton by midday. Weaker crude oil prices and a stronger ringgit pressured buying interest, while thin market participation was noted. Cargo surveyor Intertek Testing Services estimated Malaysian
Malaysian palm oil futures traded in a tight range on Monday, with gains in Dalian soyoil countered by declines in palm olein and crude oil prices. The benchmark December palm oil contract on the Bursa Malaysia Derivatives Exchange edged up 0.31% to 4,913 ringgit ($1,205.64) per metric ton in early trade after falling
Global equity markets closed mixed, with Europe down and Wall Street ending a volatile week with modest gains. US Treasury yields topped 5%, while Brent crude remained above $100. Asian markets showed mixed performance.
Global equity markets experienced a mixed session on Friday, with gains on Wall Street partially offsetting losses in Europe. Bond yields continued to climb, with US 10-year Treasury yields topping 5%, while currency markets saw the dollar strengthen against the yen. Spot gold and Brent crude prices showed modest movem
(All figures in Canadian dollars unless noted) WINNIPEG, Manitoba, Sept 18 (Reuters) — ICE canola futures settled lower on Friday, as traders booked profits and farmers locked in prices. November canola futures fell $11.60 to $822.30 per metric ton, a 1.52% loss. Other contracts fell a similar amount. The week saw a sm
Malaysian palm oil futures dropped more than 1% on Thursday, extending losses for a third consecutive session. The benchmark contract (FCPOc3) for November delivery fell as rival soyoil weakened and bearish MPOB demand and supply figures were anticipated.
Malaysian palm oil futures slipped more than 1% to around MYR 4,900 per tonne, extending their decline to a one-week low. The move came as traders looked ahead to MPOB monthly data, with exports also seen as sluggish.