14:44, 27.10.2014 — Новости
автор: OilWorld.Ru

CBOT Soybean Oil Future Contracts Closing


BMD CPO is likely to open lower on profit-taking amid weak oil complexes Monday, says Malaysia’s Affin Hwang in a note to clients, tipping technical support at MYR2,152-MYR2,162/ton. The downside may be limited due to slowing production, say trade participants. Industry publication Oil World says palm-oil production is likely to hit 60.9 million tons in the 2014-2015 marketing year–0.2 million tons below an earlier estimate due to reduced yields and output in September and October this year; “this must be regarded as the first lagged effect of the unusually dry conditions registered in many oil palm growing areas of Malaysia and Indonesia in January and February 2014,” it adds. Benchmark January CPO closed MYR10 higher at MYR2,180/ton Friday.

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