MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Feb 25
VEGOILS-Market Factors to Watch Feb 25
25/02/216 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell for a fifth consecutive session on Wednesday, dragged down by surprise signs of improved output and weak export demand.
* U.S. wheat futures sank to 5-1/2-year lows on Wednesday under pressure from large global supplies and sluggish demand, in the markets' fifth consecutive session of declines.
* Oil rallied as much as 3 percent on Wednesday with Brent prices helped by news of stalled loadings for the United Kingdom's North Sea oil while U.S. crude futures rose after strong demand for gasoline offset worries about record high crude inventories.
MARKET NEWS
* A sharp rebound in crude prices lifted stocks on Wall Street on Wednesday in a late rally, but a gauge of equities across the globe closed lower on lingering concern about economic growth.
RELATED
> Canada confirms China raised canola-shipment standard
> Felda's 2016 palm output to drop more than expected on El Nino
> Malaysia's Sime Darby to sell real estate assets in Australia, Singapore
> Malaysia's Sime Darby Q2 profit down 22 pct on low commodity prices
> Philippines expects to finalise GMO rules in next few days, misses Weds target
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Feb 1-25 palm oil export data on Feb 25.
> Cargo surveyor SGS releases Malaysia's Feb 1-25 palm oil export data on Feb 25.
Palm, soy and crude oil prices at 0028 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAR6 0 +0.00 0 0 0
MY PALM OIL APR6 0 +0.00 0 0 0
MY PALM OIL MAY6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 4914 -26.00 4878 4918 257574
CHINA SOYOIL MAY6 5668 -28.00 5648 5676 97118
CBOT SOY OIL MAY6 31.19 -5.20 0.00 0.00 0
INDIA PALM OIL FEB6 476.40 -5.20 475.40 481.00 1691
INDIA SOYOIL MAR6 615.60 -4.70 613.80 618.80 55730
NYMEX CRUDE APR6 32.17 +0.02 31.96 32.27 6057
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