MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch April 25
VEGOILS-Market Factors To Watch April 25
25/04/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures finished unchanged on Thursday, after declining 1.2 percent in the previous session as expectations of only a marginal increase in exports capped prices.
* U.S. wheat futures jumped nearly 2 percent on Thursday on concerns about dry conditions in the U.S. Plains winter wheat belt and some key production areas of Western Europe as well as worries about tensions in eastern Ukraine.
* Brent crude futures rose by more than a dollar a barrel on Thursday as mutual accusations of aggression by Ukraine and Russia raised concerns over future oil supplies, while strong U.S. economic data suggested higher demand.
MARKET NEWS
* Asian stocks struggled to rise on Friday, as the impact of upbeat U.S. economic data and robust U.S. tech shares faced off against fears of an escalating Ukraine crisis that bolstered the safe-haven yen.
RELATED
> Corn falls after 2-days gains of over 3 pct soy extends drop
> EU Wheat rises on U.S. Dryness, Ukraine tensions
> Fuel consumption edges down on economic slump
> Wheat surges on dry weather concerns, Ukraine tension
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release Malaysia's April 1-25 palm oil export data on April 25.
Palm, soy and crude oil prices at 0150 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY4 0 +0.00 0 0 0
MY PALM OIL JUN4 0 +0.00 0 0 0
MY PALM OIL JUL4 0 +0.00 0 0 0
CHINA PALM OLEIN SEP4 6158 +18.00 6148 6176 87416
CHINA SOYOIL SEP4 6962 +12.00 6954 6982 122784
CBOT SOY OIL JUL4 42.86 +0.00 42.76 43.04 1742
NYMEX CRUDE JUN4 101.94 +0.00 101.81 102.05 2195
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
Crude in U.S. dollars per barrel
FUNDAMENTALS
* Malaysian palm oil futures finished unchanged on Thursday, after declining 1.2 percent in the previous session as expectations of only a marginal increase in exports capped prices.
* U.S. wheat futures jumped nearly 2 percent on Thursday on concerns about dry conditions in the U.S. Plains winter wheat belt and some key production areas of Western Europe as well as worries about tensions in eastern Ukraine.
* Brent crude futures rose by more than a dollar a barrel on Thursday as mutual accusations of aggression by Ukraine and Russia raised concerns over future oil supplies, while strong U.S. economic data suggested higher demand.
MARKET NEWS
* Asian stocks struggled to rise on Friday, as the impact of upbeat U.S. economic data and robust U.S. tech shares faced off against fears of an escalating Ukraine crisis that bolstered the safe-haven yen.
RELATED
> Corn falls after 2-days gains of over 3 pct soy extends drop
> EU Wheat rises on U.S. Dryness, Ukraine tensions
> Fuel consumption edges down on economic slump
> Wheat surges on dry weather concerns, Ukraine tension
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release Malaysia's April 1-25 palm oil export data on April 25.
Palm, soy and crude oil prices at 0150 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY4 0 +0.00 0 0 0
MY PALM OIL JUN4 0 +0.00 0 0 0
MY PALM OIL JUL4 0 +0.00 0 0 0
CHINA PALM OLEIN SEP4 6158 +18.00 6148 6176 87416
CHINA SOYOIL SEP4 6962 +12.00 6954 6982 122784
CBOT SOY OIL JUL4 42.86 +0.00 42.76 43.04 1742
NYMEX CRUDE JUN4 101.94 +0.00 101.81 102.05 2195
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
Crude in U.S. dollars per barrel