Palmetto set to decline for fifth week on weak November demand and elevated stocks
Malaysian palm futures fell on Friday. The market is now poised to experience a fifth consecutive weekly decline due to the weak demand for palm oil in November. A stronger ringgit, along with the expectation of higher inventories, are all contributing factors.
Palmetto closes slightly higher, despite increasing production and India demand concerns
Malaysian palm futures ended Thursday on a higher note, despite increasing production expectations and concerns about demand from India, the country's largest buyer. At the close, the benchmark contract for palm oil delivery in January on Bursa Derivatives Exchange rose by 2 ringgits, or 0.05%.
Palm oil prices fall on expectations of rising supply and a weaker Dalian palm oil
The price of Malaysian palm oil futures fell on Thursday, as the market was impacted by rising production expectations and the weaker Dalian palm oil. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 4 ringgit (0.1%)…
Palm ends two-day gains with firmer Ringgit
The market for Malaysian palm oils futures ended two sessions of gains in a row on Wednesday as the ringgit strengthened, making the commodity more costly to buyers who hold foreign currencies. At the close, the benchmark contract for palm oil delivery…
Oil Prices Rise Amidst Latest US Sanctions
Oil prices rose on Tuesday on the impact of the latest U.S. sanctions on Russian oil and optimism that the U.S. government shutdown could end soon, although oversupply concerns limited gains.Brent crude futures were up $1.14, or 1.78%, to $65.2 a barrel at 11:50 a.m. ET (1650 GMT). U.S.
VEGOILS - Palm up on Chicago soyoil's strong performance; weather concerns and weak export data cap gains
The market was supported by a stronger Chicago soyoil and concerns about inclement weather, but a lackluster November export report and the looming threat of bad weather weighed heavily on the market. At midday, the benchmark palm oil contract on…
Palm oil support muted despite modest data from MPOB
Malaysian palm futures were not much changed on Monday as the Malaysian Palm Oil Board (MPOB's) data supported the market. However, gains were limited by weaker November Export figures and a strengthening ringgit. At the close, the benchmark contract…
Palm trades are rangebound before MPOB data
Malaysian palm oils futures were trading in a narrow range on Monday, despite the weaker export numbers weighing on markets. Traders are also waiting for supply and demand data from Malaysia Palm Oil Board (MPOB). At the midday break, the benchmark…
Palm set to fall for the fourth consecutive week on swelling stock, soft crude
Malaysian palm futures fell for the fourth consecutive week on Friday amid expectations that October end stocks would be higher and a recent drop in crude oil price. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had fallen 39 ringgit or 0.94% to 4…
Palm oil prices in Dalian are higher
The price of Dalian palm olein helped to support the closing prices for Malaysian palm oils futures on Thursday, after they had ended at a low level in the previous session. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives…
Market awaits MPOB data to see if VEGOILS Palm is moving higher
The price of Malaysian palm oils futures rose on Wednesday as the market awaited new monthly data. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had gained 5 ringgit (0.12%) to 4,148 Ringgit ($982.01 per metric ton).
Cenovus profits jump on record production and refinery strength
Cenovus Energy reported a higher third-quarter profit Friday. This was due to record oil sands output and a near-full utilization of the refinery, which helped offset lower crude prices. The U.S. listed shares of Canadian oil and Gas Producer rose 1.5% during premarket trading.
Palm oil prices rise on Dalian soyoil strength and weakening ringgit
Malaysian palm futures rose on Thursday as they tracked the strength of Dalian's soyoil markets, while the weakening ringgit also added support. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was up by 0.19% to 4,260 Ringgit ($1,008.52) per metric tonne.
Palm oil futures set to suffer second consecutive monthly loss after hitting lowest level in nearly 12 weeks
Malaysian palm futures continued to fall for the fourth session in a row on Wednesday, and were headed towards a second month-long drop. They were weighed down due to weakness in other edible oils, Indonesia’s production forecast, and a strong Ringgit.
Palm oil at a five-week low compared to weaker competitors
The price of Malaysian palm oils futures dropped for the third consecutive session on Tuesday, reaching its lowest close in almost 12 weeks. This was due to the weakness of rival edible oils from Dalian and Chicago, as well as a stronger Ringgit.
VEGOILS - Palm ends the week lower and books a second weekly loss
The Malaysian palm futures market continued to lose money and recorded its second loss in a week on Friday. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery fell 51 ringgit or 1.14% to 4,420 Ringgit ($1,046.40).
Palm oil prices fall on Dalian weakness
Malaysian palm oils futures ended lower on Wednesday for the third consecutive session, following the weakness of rival Dalian edible oil. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange lost 51 ringgit or 1.13% to 4,454 Ringgit ($1,054.45) per metric ton.
Palm extends its fall on Dalian's weakness
Malaysian palm futures declined for the third session in a row on Wednesday. This was due to weakness in Dalian edible oil, a rival. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 25 ringgit or 0.55% to 4…
Palm extends gains due to good export prospects, soyoil
The price of palm oil in Malaysia rose Tuesday, as traders benefited from the positive outlook for exports and the stronger soyoil market at Dalian and Chicago. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had gained 43 ringgit or 0.95% to 4…
Palm oil ends the week lower due to weak crude oil.
Malaysian palm futures closed lower on Friday after a two-week rally. Weaker crude oil prices pushed the market. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery fell 6 ringgit or 0.13% to 4,514 Ringgit ($1,068.66).