Futures Market News & Reviews

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LATEST WEEKLY MARKET VIEWS (19/10/2020)

(1) Crude Palm Oil 

Malaysian palm oil futures slumped more than 3% on Monday, their biggest fall in nearly a month, as sharp losses in rival Dalian and CBOT soybean oil outweighed expectations for an uptick in October exports.

ITS, SGS and MPOB data

Read More: Crude Palm Oil Weekly.

 

(2) Metals

Gold prices hoover steadily around $1900 per ounce supported by expectations of a new US Stimulus package before US election. Coronavirus relief package could be pushed through before the Nov 3 presidential election although differences remain.

Read More: Metals Weekly

 

(3) Crude Oil

Oil futures slipped a bit on Friday as rising COVID-19 cases in the U.S. and Europe heightened worries about demand for crude, but prices finished higher for the week, partly due to assurances from OPEC+ that it remains committed to production cuts. Prices were trading in weekly range between $39.04 and $41.29 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

Bursa Malaysia wrapped up the week below the 1,510 level, ending the day at its intra-day low amid a mixed regional market performance as the number of Covid-19 cases rose worldwide.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT Nov Soybean futures retreated from gains to a 1.45 percent drop last week.

Read More: Grains Weekly

 

 

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