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Malaysian palm oil futures slid to their lowest in over a year, with traders turning bearish on weakening export demand. The same preview noted US wheat futures at multimonth highs on Kansas crop concerns and firmer crude oil.
Palm's weak trend and bearish sentiment point to softer vegetable oil prices, while the wheat strength may add some support to grain costs for feed buyers.
thestar.com.myThe Star OnlineMay 3, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
