Malaysian Palm Oil Futures Rise More Than 1%
Malaysian palm oil futures rebounded on Monday as firmer Dalian palm olein prices lent support, while expectations of higher stockpiles capped gains.
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Malaysian palm oil futures rise over 1% amid rival strength
Malaysian palm oil futures rose more than 1% on Friday and were poised for a first weekly gain in three weeks, driven by strength in rival edible oils despite weaker crude oil.
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Asian shares fall as oil rises and Treasury yields climb
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Global stocks fall as oil rises, Treasury yields extend gains
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.
Palm oil rises on stronger crude, weaker rival oils cap gains
Benchmark December palm oil futures rose 1 ringgit to 4,673 ringgit a ton at midday in Kuala Lumpur.
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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
Palm oil futures rise over 1% as rival oils and crude strengthen
Malaysian palm oil futures rose more than 1% Tuesday, with gains in firmer rival edible oils and crude offsetting weak cargo surveyor data on August exports. Benchmark FCPOc3 for November delivery rose 77 ringgit.