CPO at new excessive by admin- Friday, February 25th, 2022 07:46:05 AM
In the fit to be eaten oils market, CPO received in tandem with crude, going past the magical 6,000-MYR mark. The May contracts at the Bursa Malaysia Derivatives Exchange closed 7.96 consistent with cent higher at 6,458 MYR, its largest day by day rise in almost 14 years. Spot CPO ended at a record high of seven,093 MYR.
Soybean May futures on the Chicago Board of Trade (CBOT) were up at nearly $17 a bushel, at the same time as Black Sea sunflower settled $7.50 better for April transport at $1,444 a tonne.
The grains market reacted sharply in view that it can affect the deliver of wheat, corn and sunflower seeds. On CBOT, wheat March futures expanded by using over five according to cent to $9.20 a bushel, even as corn March contracts were up over three.Five according to cent at $7.05 a bushel.