Monday, July 12, 2010

DJ MARKET TALK: BMD CPO Futures May Open MYR5-MYR15 Higher

[Dow Jones] BMD CPO futures called to open MYR5-MYR15 higher; tracks rise in regional equities, commodity markets. Malaysia July 1-10 palm shipments higher than market expectations for 6.8% rise, price-supportive, says exporter in Malaysia. Surveyor Intertek Saturday put July 1-10 exports at 474,928 tons, up
9% on month. Kuala Lumpur-based analyst tips MYR2,305-MYR2,325/ton. Benchmark September contract finished MYR11 higher at MYR2,300/ton Friday. Nymex August crude trading 1 cent higher at $76.10/bbl on Globex. (shie-lynn.lim@dowjones.com)


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