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LATEST WEEKLY MARKET VIEWS (09/12/2019)

(1) Crude Palm Oil 

Malaysian palm oil futures touched a more than 2-year high on last Friday and overtook soyoil on the Chicago Board of Trade for the first time in almost nine years as speculation grew that production in November fell more than first thought.

Read More: Crude Palm Oil Weekly.

ITS, SGS and MPOB data

 

(2) Metals

Gold prices were in a consolidation mode last week, in conjunction of US Thanksgiving holiday on Thursday and Friday.

Read More: Metals Weekly

 

(3) Crude Oil

Oil futures climbed on Friday, with prices posting their highest settlement since September, after OPEC and its allies agreed to officially cut production by 500,000 barrels per day on top of its current reduction agreement, beginning in January. Prices were trading in a weekly range between $55.35 and $59.85 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

Bursa Malaysia ended the week higher as palm oil plantation index rose by a significantly larger quantum after crude palm oil (CPO) prices rose past RM2,800 a tonne.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT January Soybean futures rose 1.5 percent last week on hopes for U.S.-China trade deals.

Read More: Grains Weekly

 

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