MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch April 25
VEGOILS-Market Factors To Watch April 25
25/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures snapped a four-day rising streak on Friday as sluggish export demand and a correction in rival soyoil prices prompted traders to book profits.
* U.S. wheat, soybeans and corn plunged on Friday, with wheat posting its largest daily declines in three years as investors locked in profits after huge gains earlier this week, and extended weather outlooks were seen as beneficial for crops.
* Oil prices rose on Friday and notched their third straight week of gains as market sentiment turned more upbeat amid signs a persistent global supply glut may be easing.
MARKET NEWS
* The U.S. dollar rose to a three week high against the yen on Friday, on a report of likely further monetary policy easing from the Bank of Japan, while a rise in crude oil prices was offset by poor technology sector earnings, leaving Wall Street stocks steady.
RELATED
> U.S. March cattle placements in feedlots hit five-year low
> Canada extends grain transportation rules one year
> EU wheat retreats with U.S. market after volatile week
> Brazil corn tax exemption appears in official gazette
> JBS considers reactivating idled beef plants in Argentina
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-25 palm oil export data on April 25.
> Cargo surveyor SGS releases Malaysia's April 1-25 palm oil export data on April 25.
Palm, soy and crude oil prices at 0014 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY6 0 +0.00 0 0 0
MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5670 -78.00 5670 5800 495076
CHINA SOYOIL SEP6 6262 -60.00 6258 6392 464272
CBOT SOY OIL JUL6 34.39 +1.10 34.3 34.47 1087
INDIA PALM OIL APR6 573.40 +1.10 567.40 576.8 1235
INDIA SOYOIL MAY6 676.1 -0.05 671.5 678.9 65130
NYMEX CRUDE JUN6 43.31 -0.42 43.29 43.75 6651
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 snapped a four-day rising streak on Friday as sluggish export demand and a correction in rival soyoil prices prompted traders to book profits.
* U.S. wheat, soybeans and corn plunged on Friday, with wheat posting its largest daily declines in three years as investors locked in profits after huge gains earlier this week, and extended weather outlooks were seen as beneficial for crops.
* Oil prices rose on Friday and notched their third straight week of gains as market sentiment turned more upbeat amid signs a persistent global supply glut may be easing.
MARKET NEWS
* The U.S. dollar rose to a three week high against the yen on Friday, on a report of likely further monetary policy easing from the Bank of Japan, while a rise in crude oil prices was offset by poor technology sector earnings, leaving Wall Street stocks steady.
RELATED
> U.S. March cattle placements in feedlots hit five-year low
> Canada extends grain transportation rules one year
> EU wheat retreats with U.S. market after volatile week
> Brazil corn tax exemption appears in official gazette
> JBS considers reactivating idled beef plants in Argentina
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-25 palm oil export data on April 25.
> Cargo surveyor SGS releases Malaysia's April 1-25 palm oil export data on April 25.
Palm, soy and crude oil prices at 0014 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY6 0 +0.00 0 0 0
MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5670 -78.00 5670 5800 495076
CHINA SOYOIL SEP6 6262 -60.00 6258 6392 464272
CBOT SOY OIL JUL6 34.39 +1.10 34.3 34.47 1087
INDIA PALM OIL APR6 573.40 +1.10 567.40 576.8 1235
INDIA SOYOIL MAY6 676.1 -0.05 671.5 678.9 65130
NYMEX CRUDE JUN6 43.31 -0.42 43.29 43.75 6651
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