# Malaysian palm oil/Vegoils: Market factors to watch Friday May 4 | The Star

> 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.

- Date: 2018-05-03 · published 2018-05-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6613-malaysian-palm-oil-vegoils-market-factors-to-watch-friday-may-4-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bullish ▲
- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/05/04/palm-oil-market-factors-to-watch-may-4/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.