Thursday, March 25, 2010

DJ MARKET TALK: BMD CPO Tad Up; Exports Up But Within Expectations

[Dow Jones] BMD CPO futures up slightly; exports up but within market expectations, say traders. Benchmark June CPO contract up MYR8 at MYR2,568/ton. Malaysia's March 1-25 exports up 2.3% on month at 1.11 million tons, according to estimates by Intertek; estimate within market expectations of 1.10 million
tons. May soyoil futures in after-hours trade up 20 points at 39.28 cents/pound; also providing support, say traders. Market awaits another set of export estimates from SGS due later afternoon. (

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