MARKET DEVELOPMENT
Vegoils: Market Factors to Watch Friday April 3
Vegoils: Market Factors to Watch Friday April 3
03/04/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday April 3.
FUNDAMENTALS
* Malaysian palm oil futures rose on Thursday, with prices range-bound as many traders sat on their hands as they awaited fresh impetus and direction in a lacklustre market with thin volumes.
* U.S. wheat futures jumped to their highest level in six weeks on Thursday on worries that rains in the U.S. Plains next week will be insufficient to relieve intensifying drought conditions.
* Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran's nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allowed to export more crude.
MARKET NEWS
* U.S. stocks climbed on Thursday after two sessions of losses, as a fall in jobless claims raised optimism ahead of a key payrolls report, while oil tumbled on fears of worsening oversupply if sanctions over Iran's nuclear program are dropped.
RELATED
> Armajaro co-founder Gower steps down as chairman of fund
-spokeswoman
> Russia to decide on extension of wheat export tax - government
DATA/EVENTS
> NIL
Palm, soy and crude oil prices at 0025 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR5 0 +0.00 0 0 0
MY PALM OIL MAY5 0 +0.00 0 0 0
MY PALM OIL JUN5 0 +0.00 0 0 0
CHINA PALM OLEIN SEP5 4664 +8.00 4646 4680 165776
CHINA SOYOIL SEP5 5380 -6.00 5368 5408 221428
CBOT SOY OIL MAY5 31.04 -2.80 0.00 0.00 0
INDIA PALM OIL APR5 435.60 -2.80 434.30 437.50 425
INDIA SOYOIL APR5 590.20 +0.20 588.30 591.70 8060
NYMEX CRUDE MAY5 49.14 +0.00 0.00 0.00 0
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 rose on Thursday, with prices range-bound as many traders sat on their hands as they awaited fresh impetus and direction in a lacklustre market with thin volumes.
* U.S. wheat futures jumped to their highest level in six weeks on Thursday on worries that rains in the U.S. Plains next week will be insufficient to relieve intensifying drought conditions.
* Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran's nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allowed to export more crude.
MARKET NEWS
* U.S. stocks climbed on Thursday after two sessions of losses, as a fall in jobless claims raised optimism ahead of a key payrolls report, while oil tumbled on fears of worsening oversupply if sanctions over Iran's nuclear program are dropped.
RELATED
> Armajaro co-founder Gower steps down as chairman of fund
-spokeswoman
> Russia to decide on extension of wheat export tax - government
DATA/EVENTS
> NIL
Palm, soy and crude oil prices at 0025 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR5 0 +0.00 0 0 0
MY PALM OIL MAY5 0 +0.00 0 0 0
MY PALM OIL JUN5 0 +0.00 0 0 0
CHINA PALM OLEIN SEP5 4664 +8.00 4646 4680 165776
CHINA SOYOIL SEP5 5380 -6.00 5368 5408 221428
CBOT SOY OIL MAY5 31.04 -2.80 0.00 0.00 0
INDIA PALM OIL APR5 435.60 -2.80 434.30 437.50 425
INDIA SOYOIL APR5 590.20 +0.20 588.30 591.70 8060
NYMEX CRUDE MAY5 49.14 +0.00 0.00 0.00 0
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