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| DJ MARKET TALK: BMD CPO Falls To One-Month Low Recession Worries | ||
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0338 GMT [Dow Jones] BMD CPO futures fall as much as 1.6% to a one-month low amid technical and speculative liquidation - continued risk aversion due to concerns about global economic growth and rising supplies may mean further downward pressure in prices, a palm oil exporter in Sabah says - sentiment is poor and buyers will stay on the sidelines ahead of industry outlook and forecasts by a leading analyst at Globoil Mumbai this weekend. Benchmark December is down 0.6% at MYR2,990/ton CBOT December soyoil is down 0.3% in screen trade. (shie-lynn.lim@dowjones.com) Contact us in Singapore. 65 64154 140 MarketTalk@dowjones.com (END) Dow Jones Newswires September 22, 2011 23:38 ET (03:38 GMT) Copyright (c) 2011 Dow Jones & Company, Inc. |
Sector Call
Rubber: Has it lost its bounce? Neutral
Sector Update
¨ After being neglected for so many years, rubber has been regaining its bounce as a commodity du jour, with SMR20 prices more than doubling since Dec 08.
Although natural rubber (NR) prices have fallen by about 15-20% from the highs seen in Jan 11 to current levels, at current prices of RM13.00/kg,