RSS Feed

Trader's Comment: CPO futures ended lower on weak market sentiment.

Posted by Flora Sawita Labels:

CPO futures ended lower on weak market sentiment. Benchmark Mar09 hit the intra day low of 1539 after opened RM21 lower at 1559 following overnight easier CBOT soy oil while crude oil fell to hit fresh 4 year low at $39.88. However, CPO prices were well supported and thereafter hovered in a tight range of 1555-1545 for the remaining morning session. Some short covering activities began to emerge when afternoon session resumes and sent Benchmark Mar09 to climb back gradually. It hit the intra day high of 1575 before it was finally sold down again to settle RM35 lower at 1545. Market tone was still in a cautious mood and remained in range trading. Meanwhile CPO prices seem to be experiencing some slight decoupling from the effect of crude oil movement.

0 comments:

Posting Komentar

Label

2011 News AGRIBISNIS APINDO Africa Agriculture Business Agriculture Land Argentina Australia Bangladesh Berita Berita Detikcom Berita Info Jambi Berita Kompas Berita Padang Ekspres Berita Riau Pos Berita Riau Today Berita Tempo Berita riau terkini Biodiesel Bursa Malaysia CPO Tender Summary Cattle and Livestock China Cocoa Company Profile Corn Cotton Crude Palm Oil (CPO) and Palm Kernel Oil (PKO) Dairy Dairy Products Edible Oil Euorope European Union (EU) FDA and USDA Fertilizer Flood Food Inflation Food Security Fruit Futures Futures Cocoa and Coffee Futures Edible Oil Futures Soybeans Futures Wheat Grain HUKUM India Indonesia Info Sawit Investasi Invitation Jarak pagar Kakao Kapas Karet Kebun Sawit BUMN Kebun Sawit Swasta Kelapa sawit Kopi Law Lowongan Kerja MPOB Malaysia Meat News Nilam Oil Palm Oil Palm - Elaeis guineensis PENGUPAHAN PERDA Pakistan Palm Oil News Panduan Pabrik Kelapa Sawit Penawaran menarik Pesticide and Herbicide Poultry REGULASI RSPO Rice SAWIT Serba-serbi South America Tebu Technical Comment (CBOT Soyoil) Technical Comment (DJI) Technical Comment (FCPO) Technical Comment (FKLI) Technical Comment (KLSE) Technical Comment (NYMEX Crude) Technical Comment (SSE) Technical Comment (USD/MYR) Teknik Kimia Thailand Trader's Event Trader's highlight USA Ukraine Usaha benih Vietnam Wheat benih bermutu benih kakao benih kelapa benih palsu benih sawit benih sawit unggul bibit sawit unggul biofuel biogas budidaya sawit corporation palm oil pembelian benih sawit perburuhan pertanian soybean umum varietas unggul