# Malaysian palm oil/Vegoils: Market factors to watch Wednesday Sept 5 | The Star

> 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.

- Date: 2018-09-02 · published 2018-09-02T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/7645-malaysian-palm-oil-vegoils-market-factors-to-watch-wednesday-sept-5-the-star
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-04 | 1 | +2.2% | 4.2 | 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. |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/09/03/palm-il-market-factors-to-watch-september-3/
- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/09/05/palm-oil-market-factors-to-watch-september-5/

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