MARKET TALK: BMD CPO Futures Up Marginally; Mkt Awaits Data
(Dow Jones)--BMD CPO futures marginally higher after choppy, slow morning session. Traders say market participants mostly in cautious mood, awaiting key supply/demand data due July 10. Benchmark September contract +MYR3 at MYR2,485/ton. Traded volume thin at just over 2,000 lots. "With the figures coming out soon, people would rather not take any unnecessary risks at the moment," trader in Malaysia says; tips September to remain within MYR2,450-MYR2,500 range in near term. (BEL)