Futures Market News & Reviews

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LATEST WEEKLY MARKET VIEWS (21/9/2020)

(1) Crude Palm Oil 

Malaysian palm oil futures took a breather on Monday after a four-day rally, falling more than 2% on profit-taking despite strong Dalian oils and supply concerns. The benchmark contract December 2020 closed down 72 ringgit, or 2.34%, to 3,008 ringgit ($730.10) a tonne, after rising to an intraday high of 2.6%.

ITS, SGS and MPOB data

 

Read More: Crude Palm Oil Weekly.

 

(2) Metals

Gold prices rose on Friday, en route to a second straight weekly gain, as the dollar weakened and on concerns about economic recovery from the coronavirus crisis.

Read More: Metals Weekly

 

(3) Crude Oil

Oil futures split paths for the session on Friday, with U.S. prices up modestly and global prices slightly lower but both benchmarks logging their biggest weekly gain since June after major oil producers pledged their full commitment to output cuts. Prices were trading in weekly range between $36.82 and $41.49 per barrel.

Read More: Crude Oil Weekly

 

(4) Financial Weekly

The FBMKLCI finished reversed the gain after the U.S. Federal Reserve pledged to keep interest rate low but stopped short of offering fresh stimulus to boost the world’s largest economy.

Read More: Financial Weekly

 

(5) Grains Weekly

CBOT Nov Soybean futures rose 4.7 percent for the week, its sixth straight weekly advance.

Read More: Grains Weekly

 

 

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