MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch March 25
VEGOILS-Market Factors to Watch March 25
25/03/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Tuesday as a weak technical outlook, a stronger ringgit and worries about lacklustre demand from major buyers stopped the contract from adding to the previous session's gains.
* U.S. wheat tumbled as much as 2 percent on Tuesday as investors took profits after the previous session's five-week high and extended weather outlooks showed the possibility of crop-friendly rains in the United States and Russia.
* Brent crude oil fell on Tuesday as the dollar regained its footing against the euro and fears of global oversupply persisted, while U.S. crude was buoyed bystrong domestic economic data.
MARKET NEWS
* Wall Street drifted down while European shares neared record highs in choppy global equities trading on Tuesday as the dollar rebounded and oil prices fell.
RELATED
> US ethanol consumption to fall to 45.6 BLN liter by 2024
> World's top chicken producers pressured by U.S. supply outlook
> Rainfall improving as Ivory Coast heads towards cocoa mid-crop
> Ukraine's wheat, maize harvests seen falling in 2015 - analyst
> Raw sugar falls to 6-yr low, arabica down on currency play
> Malaysia plans to resolve LME tax issue before April -deputy fin min
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's March 1-25 palm oil exports on March 25.
Palm, soy and crude oil prices at 0452 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB5 2240 -24.00 2230 2254 29
MY PALM OIL MAR5 2228 -19.00 2220 2249 388
MY PALM OIL APR5 2210 -20.00 2202 2222 7986
CHINA PALM OLEIN MAY5 4846 -22.00 4844 4874 180294
CHINA SOYOIL MAY5 5514 -52.00 5508 5562 240078
CBOT SOY OIL MAR5 31.48 -3.50 31.47 31.57 2367
INDIA PALM OIL JAN5 434.90 -3.50 434.00 439.50 488
INDIA SOYOIL FEB5 616.00 -9.00 615.70 624.80 50145
NYMEX CRUDE MAR5 45.06 -0.53 44.35 45.35 25835
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
FUNDAMENTALS
* Malaysian palm oil futures fell on Tuesday as a weak technical outlook, a stronger ringgit and worries about lacklustre demand from major buyers stopped the contract from adding to the previous session's gains.
* U.S. wheat tumbled as much as 2 percent on Tuesday as investors took profits after the previous session's five-week high and extended weather outlooks showed the possibility of crop-friendly rains in the United States and Russia.
* Brent crude oil fell on Tuesday as the dollar regained its footing against the euro and fears of global oversupply persisted, while U.S. crude was buoyed bystrong domestic economic data.
MARKET NEWS
* Wall Street drifted down while European shares neared record highs in choppy global equities trading on Tuesday as the dollar rebounded and oil prices fell.
RELATED
> US ethanol consumption to fall to 45.6 BLN liter by 2024
> World's top chicken producers pressured by U.S. supply outlook
> Rainfall improving as Ivory Coast heads towards cocoa mid-crop
> Ukraine's wheat, maize harvests seen falling in 2015 - analyst
> Raw sugar falls to 6-yr low, arabica down on currency play
> Malaysia plans to resolve LME tax issue before April -deputy fin min
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's March 1-25 palm oil exports on March 25.
Palm, soy and crude oil prices at 0452 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB5 2240 -24.00 2230 2254 29
MY PALM OIL MAR5 2228 -19.00 2220 2249 388
MY PALM OIL APR5 2210 -20.00 2202 2222 7986
CHINA PALM OLEIN MAY5 4846 -22.00 4844 4874 180294
CHINA SOYOIL MAY5 5514 -52.00 5508 5562 240078
CBOT SOY OIL MAR5 31.48 -3.50 31.47 31.57 2367
INDIA PALM OIL JAN5 434.90 -3.50 434.00 439.50 488
INDIA SOYOIL FEB5 616.00 -9.00 615.70 624.80 50145
NYMEX CRUDE MAR5 45.06 -0.53 44.35 45.35 25835
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