Wednesday, June 9, 2010

DJ MARKET TALK: BMD CPO Down 1.1% Midday; Long Liquidation

[Dow Jones] BMD CPO futures down midday, but off lows after tumbling 1.2% to MYR2,402/ton, lowest since Jan. 27, on long liquidation; many traders liquidating positions ahead of likely bearish MPOB data due tomorrow, says Malaysia-based exporter. Weaker soyoil may increase selling pressure on CPO in afternoon session, says Singapore-based trading executive. Benchmark August contract MYR26 or 1.1% lower midday at MYR2,406/ton. July soyoil 12 points lower at 36.55 cents/pound on e-CBOT. (

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(END) Dow Jones Newswires
06-09-10 0045ET
Copyright (c) 2010 Dow Jones & Company, Inc.

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