Wednesday, June 16, 2010

DJ MARKET TALK: BMD CPO Futures Off Highs Midday; May Fall Later

[Dow Jones] BMD CPO futures off highs midday; weak technical rebound. "Despite the rally in commodity markets, there's more downside in the making," says senior manager at Malaysia-based trading firm. Warns higher output cycle, weak export demand damp sentiment. Kuala Lumpur-based analyst tips trade in MYR2,350-MYR2,380/ton range rest of day. New benchmark September contract up MYR15 at MYR2,381/ton, off intraday high of MYR2,387/ton. (

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(END) Dow Jones Newswires

06-16-10 0036ET

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