MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch April 1
VEGOILS-Market Factors To Watch April 1
01/04/2016 (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 second consecutive day on Thursday evening as a stronger ringgit dragged the market down, outweighing an improvement in export demand.
* U.S. corn futures plunged more than 4 percent on Thursday in the market's steepest drop since mid-August after the U.S. Agriculture Department forecast 2016 planted acreage well above trade expectations.
* Oil prices jumped more than 10 percent in March in the best quarter since mid-2015 although some analysts said the rally could fade soon as an output freeze plan by major crude exporters fails to alleviate worries of a glut.
MARKET NEWS
* Equity markets worldwide fell for the first time in four days on Thursday, the final day of a roller-coaster first quarter that has hammered the dollar and the pound but helped gold and bonds to big gains.
RELATED
> Malaysia's March 1-31 palm oil exports rise 24.6 pct m/m -ITS
> Drought hits Thai sugar, next year's crop dying
> POLL-Oil analysts turn cautiously positive but warn rally may fade
> Asia's Feb imports of Iran oil hit 2-year high
> U.S. farmers' acreage plans not set in stone as corn price drops
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-10 palm oil export data on April 11.
> Cargo surveyor SGS releases Malaysia's April 1-10 palm oil export data on April 11.
Palm, soy and crude oil
prices at 0030 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 5494 +6.00 5474 5516 448826
CHINA SOYOIL SEP6 6028 +22.00 6006 6050 258266
CBOT SOY OIL MAY6 34.19 +1.00 34.15 34.23 572
INDIA PALM OIL APR6 545.20 +1.00 543.20 549.7 3671
INDIA SOYOIL APR6 634.9 -3.10 632.5 638.5 42530
NYMEX CRUDE MAY6 38.20 -0.14 38.09 38.56 9700
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 for a second consecutive day on Thursday evening as a stronger ringgit dragged the market down, outweighing an improvement in export demand.
* U.S. corn futures plunged more than 4 percent on Thursday in the market's steepest drop since mid-August after the U.S. Agriculture Department forecast 2016 planted acreage well above trade expectations.
* Oil prices jumped more than 10 percent in March in the best quarter since mid-2015 although some analysts said the rally could fade soon as an output freeze plan by major crude exporters fails to alleviate worries of a glut.
MARKET NEWS
* Equity markets worldwide fell for the first time in four days on Thursday, the final day of a roller-coaster first quarter that has hammered the dollar and the pound but helped gold and bonds to big gains.
RELATED
> Malaysia's March 1-31 palm oil exports rise 24.6 pct m/m -ITS
> Drought hits Thai sugar, next year's crop dying
> POLL-Oil analysts turn cautiously positive but warn rally may fade
> Asia's Feb imports of Iran oil hit 2-year high
> U.S. farmers' acreage plans not set in stone as corn price drops
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-10 palm oil export data on April 11.
> Cargo surveyor SGS releases Malaysia's April 1-10 palm oil export data on April 11.
Palm, soy and crude oil
prices at 0030 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 5494 +6.00 5474 5516 448826
CHINA SOYOIL SEP6 6028 +22.00 6006 6050 258266
CBOT SOY OIL MAY6 34.19 +1.00 34.15 34.23 572
INDIA PALM OIL APR6 545.20 +1.00 543.20 549.7 3671
INDIA SOYOIL APR6 634.9 -3.10 632.5 638.5 42530
NYMEX CRUDE MAY6 38.20 -0.14 38.09 38.56 9700
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