Malaysian palm oil futures rose to a near one-week high on Monday, - TopicsExpress

Malaysian palm oil futures rose to a near one-week high on Monday, lifted by gains in China and U.S. soyoil markets, while positive export data late last week fuelled optimism of a recovery in demand for the tropical oil. U.S. wheat rose for the fifth straight session, climbing to a two-week high on Monday on concerns that drought conditions in the southern Plains could cut yields before an annual crop tour this week in the top-growing state of Kansas, analysts said. Brent crude oil prices fell almost $1.50 a barrel on Monday as Libya prepared to resume exports from an eastern port, while the spread versus U.S. futures abruptly narrowed after widening for two weeks.

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