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Malaysian palm oil futures rose to a two-month high on Tuesday, their third straight session of gains, as the ringgit and rupiah weakened. US wheat futures edged lower after Russia said it saw no reason to restrict exports.
Currency weakness supports palm oil prices, while Russia's signal of no export curbs eases fears of tighter global wheat supply and weighs on wheat prices.
thestar.com.myThe Star OnlineSep 2, 2018thestar.com.myThe Star OnlineSep 4, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Reports palm futures hit a two-month high on Tuesday (Sept 4), a third straight gain, as the weaker ringgit and rupiah made palm cheaper for foreign buyers; this matches the move date, though the article is dated Sept 2.
