0357 GMT [Dow Jones] BMD CPO is lower on crude oil and e-CBOT soyoil due
to a weak global economic outlook, a Kuala Lumpur-based trading executive says.
"Buyer interest is fading as traders exercise caution following S&P's euro-zone
downgrade warning Monday," he says. He tips support for BMD CPO at MYR3,080/ton
today due to supportive supply; wet weather in major palm oil growing areas may
disrupt harvesting and December CPO production may fall 10% on month, he says.
Benchmark February CPO is MYR18 lower at MYR3,104/ton; CBOT January soyoil is
down 0.4% in screen trade.
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