Malaysia: Malaysian palm oil/Vegoils: Market factors to watch thursday July 28

• Aug 05, 2016

Malaysia: Malaysian palm oil/Vegoils: Market factors to watch thursday July 28

Thursday, 28 July 2016 – The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday July 28.

FUNDAMENTALS
* Malaysian palm oil futures notched up a second day of gains, tracking rival soyoil, while a weaker ringgit MYR= also helped to prop up prices.

* U.S. soybean futures gained for the second straight session on Wednesday on short-covering and worries about dry weather conditions in the key crop development month of August, traders and analysts said. Read More?