MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch April 6
VEGOILS-Market Factors To Watch April 6
(Refiles to add Chicago grains price wrap)
06/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures reversed earlier gains to fall in evening trade on Tuesday as the market took profits in anticipation of higher than expected end-stocks.
* U.S. soybean futures on Tuesday extended a setback from the nearly eight-month highs reached a day earlier, as wet weather fueled projections that farmers will plant more fields with the oilseed than previously expected.
* Oil prices rose on Tuesday after Kuwait insisted major producers will agree to freeze output later this month even as key player Iran continued to balk at the plan.
MARKET NEWS
* The dollar fell on Tuesday to touch its weakest level against the yen since October 2014 and stock markets worldwide slumped as economic data out of Europe and the United States prompted a retreat from riskier assets.
RELATED
> PREVIEW-Malaysia's end-March palm oil stocks seen at 1-year low
> Farmer belt-tightening threatens U.S. ag companies' profits
> Philippines can import extra 500,000 T rice - grains official
> Brazil takes Indonesia, Thailand to WTO over beef and sugar
> Signs point to deal on oil output -Kuwait OPEC official, sources
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 0031 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 5540 -50.00 5518 5584 549430
CHINA SOYOIL SEP6 6098 -54.00 6082 6152 364934
CBOT SOY OIL MAY6 33.96 -5.50 33.96 34.02 447
INDIA PALM OIL APR6 555.00 -5.50 554.40 565.9 4250
INDIA SOYOIL APR6 650.3 -3.80 649 656.9 17530
NYMEX CRUDE MAY6 36.77 +0.88 36.43 36.84 24117
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
06/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures reversed earlier gains to fall in evening trade on Tuesday as the market took profits in anticipation of higher than expected end-stocks.
* U.S. soybean futures on Tuesday extended a setback from the nearly eight-month highs reached a day earlier, as wet weather fueled projections that farmers will plant more fields with the oilseed than previously expected.
* Oil prices rose on Tuesday after Kuwait insisted major producers will agree to freeze output later this month even as key player Iran continued to balk at the plan.
MARKET NEWS
* The dollar fell on Tuesday to touch its weakest level against the yen since October 2014 and stock markets worldwide slumped as economic data out of Europe and the United States prompted a retreat from riskier assets.
RELATED
> PREVIEW-Malaysia's end-March palm oil stocks seen at 1-year low
> Farmer belt-tightening threatens U.S. ag companies' profits
> Philippines can import extra 500,000 T rice - grains official
> Brazil takes Indonesia, Thailand to WTO over beef and sugar
> Signs point to deal on oil output -Kuwait OPEC official, sources
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 0031 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 5540 -50.00 5518 5584 549430
CHINA SOYOIL SEP6 6098 -54.00 6082 6152 364934
CBOT SOY OIL MAY6 33.96 -5.50 33.96 34.02 447
INDIA PALM OIL APR6 555.00 -5.50 554.40 565.9 4250
INDIA SOYOIL APR6 650.3 -3.80 649 656.9 17530
NYMEX CRUDE MAY6 36.77 +0.88 36.43 36.84 24117
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