MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch April 26
VEGOILS-Market Factors to Watch April 26
26/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures saw a second session of losses in trade on Monday, due to sluggish export demand and as traders forecast rising production in line with the seasonal trend.
* U.S. corn futures rose 2 percent on Monday, supported by concerns that rain around the U.S. Midwest could delay planting, traders said.
* Oil prices fell more than 2 percent on Monday as data pointed to fresh U.S. crude builds, while leading banks in commodities said the two-month long oil market rebound has defied fundamentals.
MARKET NEWS
* U.S. stock prices fell on Monday due to weaker oil prices and disappointing company results, while the dollar retreated on profit-taking ahead of central bank policy meetings in the United States and Japan later this week.
RELATED
> European feeds-Soymeal down sharply on CBOT technical selling
> European vegoils mostly easier following futures
> Rains to return to Brazil this week, corn losses still seen
> Warm, wet weather improves Ukraine winter grains state
> POLL-U.S. corn planting progress seen hitting 30 pct in latest week
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-30 palm oil export data on April 30.
> Cargo surveyor SGS releases Malaysia's April 1-30 palm oil export data on April 30.
Palm, soy and crude oil prices at 0010 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 5732 +18.00 5658 5738 490976
CHINA SOYOIL SEP6 6362 +54.00 6272 6372 362088
CBOT SOY OIL JUL6 34.21 -6.00 34.2 34.31 476
INDIA PALM OIL APR6 567.60 -6.00 564.10 572.6 1347
INDIA SOYOIL MAY6 670 -6.65 665.1 676.7 65720
NYMEX CRUDE JUN6 42.94 +0.30 42.82 43.01 3980
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