date:Jul 15, 2014
Malaysian palm oil futures slipped to a more than nine-month low on Monday, tracking heavy losses in overseas soy and crude oil markets, while a firmer ringgit further dampened buying interest in the tropical oil. Palm, which typically tracks soyoil, was pressured alongside the rival edible oil after the US Department of Agriculture (USDA) forecast abundant global supplies of soybeans in its monthly report issued on Friday.
The USDA now expects the US soybean harvest to grow by 4.5 percent to