Crude Palm Oil Traded In Range Tracking Declines In Global Markets

CPO trading range for the day is 582.7-592.7.

Crude palm oil traded in range tracking declines in global markets and on expectations of rising October production.

Palm oil production is forecast to rise in the last quarter of the year in line with seasonal trend, before tapering off early next year.

Malaysia's palm oil inventories had edged up in September to their highest in eight months as production levels came in higher than exports.

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Copper Remained Under Pressure Tracking A Broad Sell-Off On Equity Markets

Copper trading range for the day is 442.1-470.1.

Copper remained under pressure tracking a broad sell-off on equity markets as a gloomy macro-economic outlook raised concerns over demand growth.

BHP, expects a plant at its Olympic Dam mine to restart this month following repairs.

The International Monetary Fund cut China's 2019 growth forecast to 6.2 percent from 6.4 percent, leaving the 2018 forecast unchanged at 6.6 percent.

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Crude Palm Oil Dropped As Caution Over Rising Stockpiles Outweighed

CPO trading range for the day is 579.8-589.

Crude palm oil dropped as caution over rising stockpiles outweighed positive September export numbers.

Malaysian inventories last rose to a seven-month high of 2.49 million tonnes in August, according to official data from a Malaysian industry regulator.

Exports of Malaysian palm oil products for September rose 51.6 percent compared with August, cargo surveyor Intertek Testing Services said.

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