Commodity News

Asian Crude Palm Oil Ends Off Lows As CBOT Soyoil Rebounds

2012-02-15T19:32:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended off lows Wednesday, with weather worries in South America and a recovery in Chicago soyoil futures limiting declines. The benchmark April contract on the Bursa Malaysia Derivatives exchange ended 0.2 lower at MYR3,197 metric ton after moving between positive and negative territory. March soyoil on

Asian Crude Palm Oil Ends At 1-Month High On South America Weather

2012-02-14T18:21:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange rose to a one-month high Monday, propelled by short covering amid concerns that dry weather in major soybean growing areas in South America could further damage yields and boost demand for rival vegoils. The benchmark April contract on the Bursa Malaysia Derivatives exchange ended 1.2% higher at MYR3,205 a

Asian Crude Palm Oil Ends Higher; High Stockpiles Limit Gains

2012-02-13T19:57:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended higher Monday, with investors covering shorts after Greece's parliament approved austerity measures to qualify for a bailout from the European Union and as CBOT soyoil futures rose in Asia. However, high stocks in the second-largest producer--above 2 million metric tons--limited gains. The benchmark

Asian Crude Palm Oil Ends Down On Weak Demand; May Rise Next Week

2012-02-10T18:26:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended mostly lower Friday amid weak demand and declines in other asset classes due to persistent concerns about approval of a bailout package for Greece. However, the declines were limited as some shorts opted to cover ahead of the weekend, trade participants said. Greece has agreed to implement austerity

Asian Crude Palm Oil Ends Down On Profit-Taking; Industry Data In Focus

2012-02-09T20:23:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange fell Thursday as investors booked profits from recent gains and amid weak sentiment due to ongoing uncertainty over the euro-zone debt situation. The benchmark April contract on the Bursa Malaysia Derivatives exchange settled 0.2% lower at MYR3,148 a metric ton after trading in a narrow MYR3,135-MYR3,162/

Asian CPO Rises To Two Week High; Industry Data In Focus

2012-02-08T17:59:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange rose to a two-week high Wednesday, as investors covered short positions amid broad gains in Chicago soyoil and improving sentiment over a debt restructuring deal in Greece. The benchmark April contract on the Bursa Malaysia Derivatives exchange ended 2.3% higher at MYR3,155 a metric ton, just short of the

Asian Crude Palm Oil Ends Down 1.2% On Weak Exports

2012-01-25T21:35:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange fell Thursday, moving against the grain among commodities after the U.S. Federal Reserve said it would keep interest rates ultralow at least until late 2014, as investors focused on bearish palm oil export data. The benchmark April contract on the Bursa Malaysia Derivatives ended 1.2% lower at MYR3,131 a

Asian Crude Palm Oil Ends Up On South America Crop Worries

2012-01-25T21:35:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended up Wednesday in holiday-thinned trade amid continued worries about South America's soybean crop. However, gains were capped by concerns that Greece could head toward a disorderly default as debt restructuring talks continue with no sign of a resolution. The benchmark April contract on the Bursa

Asian Crude Palm Oil Falls On Profit Taking, Bearish USDA Forecast

2012-01-10T18:43:00.002+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange fell Friday as investors booked profits, after the U.S. Department of Agriculture raised its forecast of soybean supplies. The benchmark March contract on the Bursa Malaysia Derivatives exchange ended 1.6% lower at MYR3,151 a metric ton. The USDA Thursday raised its forecast of U.S. soybean ending stocks

Asian Crude Palm Oil Ends Down On Profit Taking; USDA Report In Focus

2012-01-10T18:43:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended mostly lower Thursday as traders took cues from overnight declines in Chicago soyoil to book profits ahead of a key U.S. Department of Agriculture drop report later in the global day. The benchmark March contract on the Bursa Malaysia Derivatives exchange ended 1% lower at MYR3,202 a metric ton after

Asian Crude Palm Oil Steady; South America Weather May Underpin

2012-01-10T18:43:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended flat Tuesday after moving both ways, amid weather concerns in major soybean crop growing areas in South America and a bearish crop report by the Malaysian Palm Oil Board. Prospects of yield-sapping dry weather in Argentina, a major soybean exporter, boosted prices, although the market lost ground

Asian Crude Palm Oil Ends Up In Light Trade; Fresh Cues Awaited

2012-01-03T19:31:00.004+07:00

SINGAPORE (Dow Jones)--Crude palm oil futures on Bursa Malaysia Derivatives were slightly higher Monday after moving sideways in light trade, as investors exercised caution ahead of expectations of fresh leads from Europe late Monday, as well as from Malaysia's Jan. 1 -10 palm oil shipment data due Tuesday. The benchmark March contract on Bursa Malaysia Derivatives ended MYR4 higher at

Asian Crude Palm Oil Ends Up On Weather Concerns; More Gains Likely

2012-01-03T19:31:00.003+07:00

SINGAPORE (Dow Jones)--Crude palm oil futures on Bursa Malaysia Derivatives rose Friday, as investors renewed their focus on supply-side fundamentals tracking weather-related production risks in Malaysia, ignoring heightened euro-zone debt concerns despite fears that France could be closer to a credit ratings downgrade afters its bond auction Thursday. The benchmark March contract on Bursa

Asian Crude Palm Oil Ends Down On Profit Taking, Europe Worries

2012-01-03T19:31:00.002+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange slipped Thursday as investors continued to book profits amid broad weakness in equities and commodities due to renewed worries over the euro-zone sovereign-debt crisis. The benchmark March contract on the Bursa Malaysia Derivatives exchange ended 1.1% at MYR3,190 a metric ton, after flipping in and out of

Asian CPO Ends Unchanged; May Slip Toward MYR3,200 After Recent Rally

2012-01-03T19:31:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended unchanged Wednesday after spending most of the day in negative territory on the back of lower Chicago soyoil and Nymex crude oil, but weather concerns in South America provided some price support. The benchmark March contract on Bursa Malaysia Derivatives ended unchanged at MYR3,225 a metric ton after

Asian Crude Palm Oil Hits 6-Week High Due To Supply Concerns

2012-01-03T19:31:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange rose to a six-week high Tuesday as investors covered short positions, due to expectations of tight supply and news of better-than-expected December exports. Market sentiment also received a boost from an improved reading in China's manufacturing activity released on Sunday. The benchmark March contract on

Asian Crude Palm Oil Up In Light Trade On Malaysia Weather Concerns

2011-12-30T21:16:00.000+07:00

SINGAPORE (Dow Jones)--Crude palm oil futures on Bursa Malaysia Derivatives rose Friday, the last trading day of 2011, as investors covered short positions on fears of adverse weather in Malaysia, the second-largest palm oil producer, ignoring bearish cues of a likely decline in global export demand on the back of persistent euro-zone debt issues. Traders expect Malaysia's December palm oil

Asian Crude Palm Oil Slips From 5-Week High On Profit Taking

2011-12-29T19:47:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended mostly lower Thursday as traders booked profits following recent gains and amid persistent euro-zone concerns, although losses were limited by worries that erratic weather may tighten global vegoil supplies. The benchmark March contract on the Bursa Malaysia Derivatives exchange ended 0.9% lower at

Asian Crude Palm Oil Rises To 5-Week High On Weather Worries

2011-12-28T18:24:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended higher Wednesday, in line with gains in the Dalian edible oil complex due to growing concerns about hot and dry weather in major soybean growers Argentina and Brazil. Traders are turning their focus from euro-zone debt issues to weather developments in South America and Malaysia. The benchmark March

Asian Crude Palm Oil Ends Off Lows Tuesday On Weather, Supply

2011-12-27T19:48:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended off lows Tuesday as worries that bad weather in South America and Southeast Asia could clip global vegoil production offset weaker exports, trade participants said. The benchmark March contract on the Bursa Malaysia Derivatives exchange ended down 0.3% at MYR3,159 a metric ton after moving in a

Asian Crude Palm Oil Hits 1-Month High On Short Covering, Weather

2011-12-23T18:29:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange rose to their highest level in a month as traders rush to cover shorts ahead of the Christmas weekend amid worries about bad weather in South America and Southeast Asia. The palm oil market also tracked gains in regional equities as investors cheered a batch of better-than-expected U.S. economic readings,

Asian Crude Palm Oil At 2-Week High On Supply Concerns

2011-12-22T19:47:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange rose to their highest in two weeks Thursday as investors covered shorts ahead of the long Christmas weekend and concerns that heavy rains could hamper harvesting in peninsular Malaysia. The benchmark March contract on the Bursa Malaysia Derivatives exchange ended 0.8% higher at MYR3,097 a metric ton, the

Asian Crude Palm Oil Near 2-Week High On Supply Concerns, Weather

2011-12-21T17:51:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended higher Wednesday, as concerns about bad weather in major soybean and oil palm growing areas spurred investors to cover short positions. Investors were also encouraged by positive U.S. and German economic news, which alleviated fears of a global recession, trade participants said. The benchmark March

Asian Crude Palm Oil Steady; May Rebound On Supply, Weather

2011-12-20T17:51:00.001+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange were steady Tuesday, supported by supply tightness and spillover from higher soyoil prices while concerns about euro-zone debt prevented prices from rising further. The benchmark March contract on the Bursa Malaysia Derivatives exchange ended unchanged at MYR3,020/ton after moving in a MYR2,997-MYR3,019/ton

Asian Crude Palm Oil Ends Higher On CBOT Soyoil, Weather

2011-12-19T19:19:00.000+07:00

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended higher Monday, tracking Chicago soyoil gains amid weather worries in major soybean-growing areas in South America. The benchmark March contract on the Bursa Malaysia Derivatives exchange ended 1.2% higher at MYR3,020 a metric ton after moving in a MYR2,984-MYR3,019 range. Palm oil eased from the