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LATEST WEEKLY MARKET VIEWS (24/06/2019)

(1) Crude Palm Oil 

Malaysian palm oil futures dipped on last Friday as traders squared positions after the contract failed to breach a target price, reversing gains made earlier when it tracked strength in U.S. soyoil. The benchmark palm oil contract September 2019 slipped towards the end of the session to close 0.05% lower at 2,022 ringgit per tonne. It was up on last week, its first weekly gain in three.

Read More: Crude Palm Oil Weekly

ITS, SGS and MPOB data

 

(2) Metals

Gold prices rose on Monday, trading above $1,400 level amid intensifying conflicts between U.S. and Iran.

Read More: Metals Weekly

 

(3) Crude Oil

Oil futures gained on Friday, with U.S. prices tallying a rise of nearly 9% for the week and highest settlement this month, lifted by expectations for economy-boosting central bank policy and continued Middle East tensions that could disrupt oil markets. Prices were trading in a weekly range between $51.50 and $57.98 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

Bursa Malaysia finished on a positive note, tracking the better performance of commodities such as the benchmark Brent crude oil and crude palm oil.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT July Soybean futures rose marginally for the week.

Read More: Grains Weekly

 

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