MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch March 31
VEGOILS-Market Factors To Watch March 31
31/03/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures dipped on Wednesday for their first fall after three straight days of gains, as the market weakened on a stronger ringgit.
* U.S. wheat futures tumbled more than 2 percent on Wednesday, erasing two sessions of gains, as forecasts for rain in some dry areas of the southern Plains eased concerns about reduced yields.
* Oil futures fell in early Asian trade on Thursday amid renewed worries of global oversupply after official data showed U.S. crude inventories rose last week to a record for the seventh time in a row.
MARKET NEWS
* Asian shares rose on Thursday, taking early cues from Wall Street gains overnight, as receding worries of near-term U.S. interest rate hikes continued to buoy risk sentiment.
RELATED
> FOB Gulf Grain-Soybean premiums ease on low demand, weak CIF
> U.S. Cash Grains-Soy bids ease on Midwest rivers on farmer sales, CIF falls
> Brazil imports record corn, sells stocks to contain prices
> European feeds-Soymeal mixed ahead of planting intentions report
> ICE Canada canola falls, halts three-day winning streak
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's March 1-31 palm oil export data on March 31.
> Cargo surveyor SGS releases Malaysia's March 1-31 palm oil export data on March 31.
Palm, soy and crude oil prices at 0039 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR6 0 +0.00 0 0 0
MY PALM OIL MAY6 0 +0.00 0 0 0
MY PALM OIL JUN6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5504 -20.00 5468 5520 456602
CHINA SOYOIL SEP6 6016 +0.00 5984 6030 201726
CBOT SOY OIL MAY6 33.77 +2.60 33.75 33.79 586
INDIA PALM OIL MAR6 530.00 +2.60 526.10 530.4 927
INDIA SOYOIL APR6 637.3 -5.20 637 645 49630
NYMEX CRUDE MAY6 38.00 -0.32 37.96 38.30 7058
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 dipped on Wednesday for their first fall after three straight days of gains, as the market weakened on a stronger ringgit.
* U.S. wheat futures tumbled more than 2 percent on Wednesday, erasing two sessions of gains, as forecasts for rain in some dry areas of the southern Plains eased concerns about reduced yields.
* Oil futures fell in early Asian trade on Thursday amid renewed worries of global oversupply after official data showed U.S. crude inventories rose last week to a record for the seventh time in a row.
MARKET NEWS
* Asian shares rose on Thursday, taking early cues from Wall Street gains overnight, as receding worries of near-term U.S. interest rate hikes continued to buoy risk sentiment.
RELATED
> FOB Gulf Grain-Soybean premiums ease on low demand, weak CIF
> U.S. Cash Grains-Soy bids ease on Midwest rivers on farmer sales, CIF falls
> Brazil imports record corn, sells stocks to contain prices
> European feeds-Soymeal mixed ahead of planting intentions report
> ICE Canada canola falls, halts three-day winning streak
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's March 1-31 palm oil export data on March 31.
> Cargo surveyor SGS releases Malaysia's March 1-31 palm oil export data on March 31.
Palm, soy and crude oil prices at 0039 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR6 0 +0.00 0 0 0
MY PALM OIL MAY6 0 +0.00 0 0 0
MY PALM OIL JUN6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5504 -20.00 5468 5520 456602
CHINA SOYOIL SEP6 6016 +0.00 5984 6030 201726
CBOT SOY OIL MAY6 33.77 +2.60 33.75 33.79 586
INDIA PALM OIL MAR6 530.00 +2.60 526.10 530.4 927
INDIA SOYOIL APR6 637.3 -5.20 637 645 49630
NYMEX CRUDE MAY6 38.00 -0.32 37.96 38.30 7058
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