How to trade Crude Palm Oil Futures ( FCPO ) 06122016

#fcpo #palmoil
Inventories seen +8.3% m/m to 1.70m tons by end-November, highest level in 4 months, according to median of 8 estimates of planters, traders and analysts in Bloomberg survey.

• November output seen -3% m/m at 1.63m tons; exports -10% m/m to 1.28m tons
• October imports seen at 20,000 tons; domestic consumption estimates range from 210,000-250,000 tons
• NOTE: Malaysian Palm Oil Board to release data by Dec. 14
• NOTE: Futures +1.9% to 3,135 ringgit/ton on Monday