By Paul A.
Ebeling, Jnr.
Malaysian Palm Oil futures edged lower, as
political uncertainty in the EU + some industry data due the Thursday deterred
traders from taking risky positions on Wednesday.
Currently it is more like a positioning ahead
of the MPOB (Malaysian Palm Oil Board) data and USDA (US Department of
Agriculture) report.
Lean Hog futures finished 0.15 to 0.725
higher in the June through Apr 2013 contracts, which was a mid-range close.
Front-month May futures closed 0.175 lower. Lean Hog futures firmed Wednesday
in the face of negative outside markets. While that may be a sign the market is
in the process of finally putting in a low, futures have been beaten down
lately and are in need of a corrective bounce.
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