Palm oil drops to 1-week low as soybean weakness persists: SINGAPORE, March 13 — Malaysian palm oil futures fe...

Business - Palm oil drops to 1-week low as soybean weakness persists @ Wed Mar 13 2013

Palm oil drops to 1-week low as soybean weakness persists: SINGAPORE, March 13 — Malaysian palm oil futures fe...

Palm oil drops to 1-week low as soybean weakness persists March 13, 2013 SINGAPORE, March 13 — Malaysian palm oil futures fell to their lowest in more than a week today as weakness persisted in overseas soybean markets, although traders said easing palm oil output should provide some support. US soybean prices have come under pressure due to weak export demand, which also weighed on soybean oil, with the most-active September soybean oil contract on the Dalian Commodity Exchange falling to its lowest since July 2010. Technicals showed Malaysian palm oil is expected to fall to RM2,384 per tonne. — Reuters file pic Palm oil tends to track soybean oil prices closely as they are commonly used as substitutes for one another. But traders said a decline in production in February that may continue this month could provide some support for palm oil prices. “Liquidation persists in ...

Full article: http://www.themalaysianinsider.com/business/article/palm-...

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Palm oil drops to 1-week low as soybean weakness persists: SINGAPORE, March 13 — Malaysian palm oil futures fe... [link]
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Palm oil drops to 1-week low as soybean weakness persists: SINGAPORE, March 13 — Malaysian palm oil futures fe... [link]
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Palm oil drops to 1-week low as soybean weakness persists: SINGAPORE, March 13 — Malaysian palm oil futures fe... [link]