MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch March 30
VEGOILS-Market Factors to Watch March 30
30/03/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Friday, tracking oil prices which reversed after a rally on Thursday due to conflict concerns in the Middle East.
* U.S. wheat climbed as much as 2 percent in a bargain-buying bounce on Friday, rebounding after three sessions of steep declines that dragged futures into technically oversold territory.
* Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.
MARKET NEWS
* Asian markets got off to a sluggish start on Monday in a week book ended with Easter holidays across the globe and a U.S. jobs report that could impact the timing of the first hike in interest rates there.
RELATED
> Soybeans cut swath through Western Canada wheat belt
> India turns to 'satellite god' for crop mapping
> Speculators hike bearish raw sugar bet to near 2-yr high -CFTC
> Israel Chemicals makes $109 mln offer for Allana Potash
> Mild bird flu found on farm in northern Netherlands - OIE
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's March palm oil exports on March 31.
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 Friday, tracking oil prices which reversed after a rally on Thursday due to conflict concerns in the Middle East.
* U.S. wheat climbed as much as 2 percent in a bargain-buying bounce on Friday, rebounding after three sessions of steep declines that dragged futures into technically oversold territory.
* Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.
MARKET NEWS
* Asian markets got off to a sluggish start on Monday in a week book ended with Easter holidays across the globe and a U.S. jobs report that could impact the timing of the first hike in interest rates there.
RELATED
> Soybeans cut swath through Western Canada wheat belt
> India turns to 'satellite god' for crop mapping
> Speculators hike bearish raw sugar bet to near 2-yr high -CFTC
> Israel Chemicals makes $109 mln offer for Allana Potash
> Mild bird flu found on farm in northern Netherlands - OIE
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's March palm oil exports on March 31.
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