Malaysian palm oil futures reversed course and fell 1% at the midday break on Tu...
KUALA LUMPUR - Malaysian palm oil futures reversed course and fell 1% at the midday break on Tuesday, pressured by losses in soyoil on the Chicago Board of Trade.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last down 1% at 2,212 ringgit per tonne around noon, in line for a third session of declines in five days. “The spillover weakness from palm’s spot month contract also weighed on prices,” she added, referring to Bursa’s palm oil contract for September delivery, which was last down 2.7%.U.S. wheat futures fell nearly 0.5% on Tuesday, set to extend losses for the fourth straight session, as ample global supplies pushed prices towards a near four-month low. Soybeans fell as the market remained focused on the impact of a protracted U.S.-China trade war, while corn also slid.
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