Tridge summary
Malaysian palm oil futures have experienced a decline for three consecutive sessions, reaching a seven-month low. This drop is attributed to weak exports and the prediction of a record U.S. soybean harvest, which puts pressure on rival Dalian oils. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange fell by 0.41% to 3,675 ringgit a metric ton.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Malaysian palm oil futures fell for a third consecutive session on Wednesday to hit their lowest in more than seven months, dragged by weak exports and as a forecast of record U.S soybean harvest pressured rival Dalian oils. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange fell 15 ringgit, or 0.41%, to 3,675 ringgit ($830.51) a metric ton by 0325 GMT. It hit an ...
Source: UkrAgroConsult
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