Thursday, April 1, 2010

DJ MARKET TALK: BMD CPO Down; Off Lows On Stronger Soyoil, Crude

[Dow Jones] BMD CPO futures down but off lows as soyoil, crude oil futures trade in positive territory, say traders. Benchmark June CPO contract down MYR10 at MYR2,546/ton, off intraday low of MYR2,532. May soyoil in after-hours trade up 31 points at 38.62 cents/pound; May Brent crude up $0.58 at $83.28/bbl. Trade thin, range-bound on lack of fresh local cues; positive external cues providing some support, says a Kuala Lumpur-based trader.


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