ERC20换TRC20（www.u2u.it）:CPO futures to extend winning streak next week
ERC20换TRC20，TRC20换ERC20（www.u2u.it）是最高效的ERC20换TRC20，TRC20换ERC20的平台.ERC20 USDT换TRC20 USDT，TRC20 USDT换ERC20 USDT链上匿名完成，手续费低。
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is projected to extend its uptrend next week after a three-day winning streak on optimism over the outlook for oil and vegetable oils.
Palm oil trader David Ng expects futures prices to move between RM3,700 and RM4,500 per tonne next week.
Market sentiment was lifted by the current heat wave in the United States (US), which had affected soybean output.
It was reported that the heat wave in the Pacific Northwest is expected to last longer than initially predicted with a higher chance for the US Department of Agriculture to end up cutting 2022 soybean yield forecasts.
This, in turn, may support the demand for CPO, a cheaper oil compared to soybean oil.
However, Ng reckons that the market may see some pressure from Indonesia's palm oil supply glut.
Indonesia is trying to clear their high stock by waiving its export levy effective July 15 to Aug 31.,
,telegram群组索引（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said that with the expected bearish July supply and demand estimates to be released next week, prices may fall from the highs recorded on Friday.
The CPO futures rose to a three-week high yesterday amid rising prices of oil and competing soyabean and rapeseed oils boosted demand.
For the trading week just ended, Malaysian CPO futures were mostly higher.
On a Friday-to-Friday basis, spot month August 2022 jumped RM323 to RM4,030 a tonne, September 2022 was RM258 higher at RM3,959 a tonne and October 2022 was up RM237 to RM3,957 a tonne.
November 2022 and December 2022 increased RM228 to RM3,979 a tonne and RM4,028 a tonne respectively, while January 2023 added RM239 to RM4,089 per tonne.
Total volume, however, decreased to 295,872 lots from 360,695 lots in the previous week, while open interest narrowed to 215,234 contracts from 264,060 contracts previously.
The physical CPO price for August South rose sharply by RM600 to RM4,400 a tonne. - Bernama