Monday, March 29, 2010

DJ MARKET TALK: Higher Soyoil May Support CPO Futures

[Dow Jones] Higher soyoil during Asian trading hours may provide some support to BMD CPO futures. "Soyoil prices are up on a technical rebound after a dip last Thursday. Also, investors are reluctant to push prices lower ahead of this week's (USDA) planting report," says trading executive at Kuala Lumpur-based
brokerage, adding this spells support for BMD CPO prices. May soyoil finished 25 points higher at 38.95 cents/pound on CBOT Friday; last trading 7 points higher on e-CBOT.


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