09 May '11, 1am

VEGOILS-Commodities continue freefall over demand risk, oil

VEGOILS-Commodities continue freefall over demand risk, oil Topics: Commodities On Monday 9 May 2011, 7:52 SGT KUALA LUMPUR, May 9 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday. FUNDAMENTALS * Malaysian palm oil futures tumbled to their lowest in more than six months on Friday along with a broad sell-off in commodities as traders fretted over the state of the U.S. economy and reduced risk taking. * Corn futures fell 3 percent on Friday after a surge in the dollar and a downturn in crude oil triggered additional long liquidation, adding to losses from Thursday during the biggest commodities sell-off since 2008. * Oil fell on Friday to cap a frenzied trading week that sliced prices by a record of more than $16 a barrel on demand worries and a move by investors to slash commodities exposures. MAR...

Full article: http://sg.finance.yahoo.com/news/VEGOILS-Commodities-cont...

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