DJ MARKET TALK: BMD CPO Futures To Open Down MYR5-MYR15

[Dow Jones] BMD CPO futures may open MYR5-MYR15 lower; spillover selling pressure from overnight losses in crude, soyoil, say traders. "Prices may trade lower on profit-booking initially but are likely to be rangebound ahead of June 1-25 export data due Friday," says Kuala Lumpur-based trading executive.
Benchmark September contract finished MYR7 higher at MYR2,384/ton Wednesday.
(shie-lynn.lim@dowjones.com)


Call us in Kuala Lumpur :+(603) 2026 1233;