(Bloomberg) - Crude oil and gold traded near records after a slump in the dollar against major currencies boosted the appeal of raw materials as an inflation hedge.
Oil reached a record $100 a barrel yesterday and gold soared to its highest ever. The dollar fell as traders increased the odds of a Federal Reserve cut in borrowing costs this month to 100 percent. Palm oil gained to a record today, soybeans were near a 34-year peak and corn was close to an 11-year high.
Read more at Bloomberg
Showing posts with label Palm oil futures. Show all posts
Showing posts with label Palm oil futures. Show all posts
Thursday, 03 January 2008
Sunday, 24 June 2007
Palm Oil Drops in Asia After Exports Slow, Argentina Forecasts Large Crop
(Bloomberg) -- Palm oil futures on the Malaysia
Derivatives Exchange, which trades the benchmark contract, fell
for a second day on concern over falling exports and a forecast
rise in supply of soybeans, which can be used as a substitute.
Shipments from Malaysia, which with Indonesia produces
almost 90 percent of global output, fell 11 percent in the first
25 days of June from the previous month, Intertek Malaysia said.
Argentina, the third-biggest soybean producer, may have a record
harvest, the Buenos Aires Cereals Exchange said on June 22.
Read more at Bloomberg Commodities News
Derivatives Exchange, which trades the benchmark contract, fell
for a second day on concern over falling exports and a forecast
rise in supply of soybeans, which can be used as a substitute.
Shipments from Malaysia, which with Indonesia produces
almost 90 percent of global output, fell 11 percent in the first
25 days of June from the previous month, Intertek Malaysia said.
Argentina, the third-biggest soybean producer, may have a record
harvest, the Buenos Aires Cereals Exchange said on June 22.
Read more at Bloomberg Commodities News
Friday, 15 June 2007
Malaysian Palm Oil May Average 54 Percent Higher This Year, OSK Forecasts
(Bloomberg) -- Palm oil futures in Malaysia, trader
of the benchmark contract, may average 54 percent higher this
year because of demand led by China for the world's most
consumed vegetable oil, according to OSK Research Sdn.
The futures may average 2,400 ringgit ($694) a ton this
year, Alvin Tai, an analyst at OSK, said today. This compares
with an average of 1,559 ringgit last year. He raised his
forecast by 12 percent from an earlier estimate of 2,150 ringgit.
Read more at Bloomberg Commodities News
of the benchmark contract, may average 54 percent higher this
year because of demand led by China for the world's most
consumed vegetable oil, according to OSK Research Sdn.
The futures may average 2,400 ringgit ($694) a ton this
year, Alvin Tai, an analyst at OSK, said today. This compares
with an average of 1,559 ringgit last year. He raised his
forecast by 12 percent from an earlier estimate of 2,150 ringgit.
Read more at Bloomberg Commodities News
Thursday, 14 June 2007
Palm Oil Falls for Second Day on Higher Margins, Lower Export Volumes
(Bloomberg) -- Palm oil futures in Malaysia, the
global benchmark, fell for a second day after the Malaysia
Derivatives Exchange raised trading margins, adding to concerns
among some investors that higher prices may curb overseas demand.
The price, which rose to a record 2,764 ringgit ($797) a
metric ton on June 6, fell yesterday after the exchange raised
margins by as much as 43 percent from today. Palm oil shipments
to China may have dropped by about a quarter this month.
Read more at Bloomberg Commodities News
global benchmark, fell for a second day after the Malaysia
Derivatives Exchange raised trading margins, adding to concerns
among some investors that higher prices may curb overseas demand.
The price, which rose to a record 2,764 ringgit ($797) a
metric ton on June 6, fell yesterday after the exchange raised
margins by as much as 43 percent from today. Palm oil shipments
to China may have dropped by about a quarter this month.
Read more at Bloomberg Commodities News
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