MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch April 27
VEGOILS-Market Factors to Watch April 27
27/04/2016 (Reuter) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose on Tuesday, up from a one-week low touched in the previous session, supported by a decline in the ringgit MYR= against the dollar.
* U.S. soybean and corn futures firmed on Tuesday, their second straight day of gains, on expectations the pace of planting will slow in coming days due to wetter weather.
* Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month's bull-run could soon run out of steam.
MARKET NEWS
* Asian stocks inched up on Wednesday, reflecting hopes that upcoming U.S. and Japanese central bank policy meetings could benefit risk assets, while crude oil prices hovered near 2016 highs.
RELATED
> Water trains bring scant relief to drought-ravaged Indian state
> Argentina's ethanol makers seen increasing output by up to 60 pct
> GRAINS-Corn, soybeans, wheat rise for second straight day
> Indonesia's palm exports drop 24 pct in March - palm oil group
> Russian wheat export prices up on higher benchmarks, lower stocks
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 0048 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 5668 -20.00 5636 5696 352818
CHINA SOYOIL SEP6 6320 +6.00 6288 6360 271416
CBOT SOY OIL JUL6 34.27 -0.10 34.2 34.31 975
INDIA PALM OIL APR6 566.60 -0.10 563.00 568 1443
INDIA SOYOIL MAY6 664.2 -5.45 663.5 671.2 53440
NYMEX CRUDE JUN6 44.51 +0.47 44.46 44.64 6117
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 rose on Tuesday, up from a one-week low touched in the previous session, supported by a decline in the ringgit MYR= against the dollar.
* U.S. soybean and corn futures firmed on Tuesday, their second straight day of gains, on expectations the pace of planting will slow in coming days due to wetter weather.
* Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month's bull-run could soon run out of steam.
MARKET NEWS
* Asian stocks inched up on Wednesday, reflecting hopes that upcoming U.S. and Japanese central bank policy meetings could benefit risk assets, while crude oil prices hovered near 2016 highs.
RELATED
> Water trains bring scant relief to drought-ravaged Indian state
> Argentina's ethanol makers seen increasing output by up to 60 pct
> GRAINS-Corn, soybeans, wheat rise for second straight day
> Indonesia's palm exports drop 24 pct in March - palm oil group
> Russian wheat export prices up on higher benchmarks, lower stocks
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 0048 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 5668 -20.00 5636 5696 352818
CHINA SOYOIL SEP6 6320 +6.00 6288 6360 271416
CBOT SOY OIL JUL6 34.27 -0.10 34.2 34.31 975
INDIA PALM OIL APR6 566.60 -0.10 563.00 568 1443
INDIA SOYOIL MAY6 664.2 -5.45 663.5 671.2 53440
NYMEX CRUDE JUN6 44.51 +0.47 44.46 44.64 6117
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