MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch April 28
VEGOILS-Market Factors to Watch April 28
28/04/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell to their lowest in nearly two weeks on Monday, heading towards their fourth straight session of losses as a modest pick-up in export demand was offset by strength in the ringgit and lingering concerns over rising yields.
* U.S. corn and wheat futures fell on Monday to their lowest levels since October, on outlooks for speedy corn plantings in the Midwest and crop-friendly rains in the southern Plains wheat belt.
* Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of U.S. rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week.
MARKET NEWS
* Asian stocks scaled fresh seven-year peaks on Tuesday as Apple's upbeat earnings offset underlying caution ahead of the Federal Reserve's policy meeting scheduled to start later in the session.
RELATED
> Malaysia's April 1 - 25 palm oil exports rise 5.6 pct -ITS
> Indonesia's Astra International posts 16 pct fall in Q1 profit
> Malaysia's Apr 1-25 palm oil exports rose 7.1 pct -SGS
> Indonesia keeps palm oil, cocoa bean export tax unchanged in May
> Indonesia plans to trim CPO export tax rates to offset burden of levies
> Argentine soy collection seen speeding along to record harvest
> Chipotle goes GMO-free in first for U.S. fast-food sector
> Seed firm Vilmorin warns on Russia, Ukraine crisis
> ADM to add soy crushing at North Dakota, Ontario plants
> EU crop monitor lifts wheat, barley, rapeseed yield outlook
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's April palm oil exports on April 30.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY5 0 +0.00 0 0 0
MY PALM OIL JUN5 0 +0.00 0 0 0
MY PALM OIL JUL5 0 +0.00 0 0 0
CHINA PALM OLEIN SEP5 4890 +4.00 4886 4932 497524
CHINA SOYOIL SEP5 5692 +22.00 5684 5746 514358
CBOT SOY OIL JUL5 31.85 -2.10 31.79 31.88 799
INDIA PALM OIL APR5 439.60 -2.10 439.50 442.20 384
INDIA SOYOIL JUN5 593.40 +1.55 591.50 597.70 44480
NYMEX CRUDE JUN5 56.69 -0.30 56.59 56.78 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
FUNDAMENTALS
* Malaysian palm oil futures fell to their lowest in nearly two weeks on Monday, heading towards their fourth straight session of losses as a modest pick-up in export demand was offset by strength in the ringgit and lingering concerns over rising yields.
* U.S. corn and wheat futures fell on Monday to their lowest levels since October, on outlooks for speedy corn plantings in the Midwest and crop-friendly rains in the southern Plains wheat belt.
* Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of U.S. rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week.
MARKET NEWS
* Asian stocks scaled fresh seven-year peaks on Tuesday as Apple's upbeat earnings offset underlying caution ahead of the Federal Reserve's policy meeting scheduled to start later in the session.
RELATED
> Malaysia's April 1 - 25 palm oil exports rise 5.6 pct -ITS
> Indonesia's Astra International posts 16 pct fall in Q1 profit
> Malaysia's Apr 1-25 palm oil exports rose 7.1 pct -SGS
> Indonesia keeps palm oil, cocoa bean export tax unchanged in May
> Indonesia plans to trim CPO export tax rates to offset burden of levies
> Argentine soy collection seen speeding along to record harvest
> Chipotle goes GMO-free in first for U.S. fast-food sector
> Seed firm Vilmorin warns on Russia, Ukraine crisis
> ADM to add soy crushing at North Dakota, Ontario plants
> EU crop monitor lifts wheat, barley, rapeseed yield outlook
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's April palm oil exports on April 30.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY5 0 +0.00 0 0 0
MY PALM OIL JUN5 0 +0.00 0 0 0
MY PALM OIL JUL5 0 +0.00 0 0 0
CHINA PALM OLEIN SEP5 4890 +4.00 4886 4932 497524
CHINA SOYOIL SEP5 5692 +22.00 5684 5746 514358
CBOT SOY OIL JUL5 31.85 -2.10 31.79 31.88 799
INDIA PALM OIL APR5 439.60 -2.10 439.50 442.20 384
INDIA SOYOIL JUN5 593.40 +1.55 591.50 597.70 44480
NYMEX CRUDE JUN5 56.69 -0.30 56.59 56.78 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