18/02/2015 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 18.
   
FUNDAMENTALS
* Malaysian palm oil slipped on Tuesday, giving up some of last session's gains and falling for a fifth day out of seven on demand worries and position squaring
ahead of the long weekend.
* U.S. soybeans climbed to a one-month peak on Tuesday, lifted by a 3 percent spike in soymeal futures and data showing near-record domestic crushings of the
beans in January, traders said.
* Oil closed up after a weak start on Tuesday, with Brent crude rising to a 2015 high of $63 a barrel as short-covering returned to a market depressed earlier by
worries about euro zone stability.
   
MARKET NEWS
* The euro rebounded on Tuesday and global equity markets recovered to trade
slightly higher on signs Greek banks will continue to receive emergency funding
despite a breakdown in debt talks between Athens and euro zone finance
ministers.
     
RELATED
> U.S. monthly soy crush biggest ever for January - NOPA 
> Arctic blast hits U.S. Midwest, some wheat at risk of winterkill
  
> Mild winter in EU raises hopes for good 2015 wheat harvest   
 
> Proposed S.Africa ban on foreign land ownership aimed at farms -minister
   
   
DATA/EVENTS
> Malaysian markets closed for Lunar New Year break on Feb. 19 and 20, half day
trading closure for the afternoon session on Feb. 18.
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's Feb 1-20 palm oil exports on Feb. 23.

  Palm, soy and crude oil prices at 0009 GMT
                                                                  
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      MAR5       0    +0.00       0       0       0
  MY PALM OIL      APR5       0    +0.00       0       0       0
  MY PALM OIL      MAY5       0    +0.00       0       0       0
  CHINA PALM OLEIN MAY5       0    +0.00       0       0       0
  CHINA SOYOIL     MAY5       0    +0.00       0       0       0
  CBOT SOY OIL     MAR5   32.32    -4.80    0.00    0.00       0
  INDIA PALM OIL   FEB5  463.70    -4.80  461.10  466.30     929
  INDIA SOYOIL     FEB5  626.00    +1.10  622.00  626.00     860
  NYMEX CRUDE      MAR5   53.14    -0.39   53.04   53.35    1349
                                                                  
  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
  India soy oil in Indian rupee per 10 kg
  Crude in U.S. dollars per barrel