VEGOILS-Market Factors to Watch April 29
29/04/2016 (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 third session this week, tracking poor performing rival vegetable oils and on bearish local sentiment, driven by rising output and weak export demand.
* U.S. corn futures rose 1.9 percent on Thursday, with concerns about crops in South America spurring export demand for U.S. supplies, traders said.
* Oil markets jumped 2 percent on Thursday, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high U.S. crude inventories and relentless pumping by major producers.
MARKET NEWS
* Oil markets jumped 2 percent on Thursday, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high U.S. crude inventories and relentless pumping by major producers.
RELATED
> China securities regulator orders major commodities exchanges to control futures speculation-sources
> Betting on falling oil supplies, traders pile into risky options
> Russia seen extending wheat export tax for 2016/17
> Palm oil tax blamed as French wheat exports await Indonesia approval
> Dry weather may cut Brazil's winter corn crop, exports -Bunge CEO
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 0038 GMT
Contract Month Last Change Low High VolumeMY 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 5514 +18.00 5474 5520 294372
CHINA SOYOIL SEP6 6246 +32.00 6200 6252 201970
CBOT SOY OIL JUL6 33.23 +0.40 33.21 33.31 2252
INDIA PALM OIL APR6 564.00 +0.40 561.00 564.2 899
INDIA SOYOIL MAY6 655.55 +0.40 651.3 656.7 63010
NYMEX CRUDE JUN6 45.83 -0.20 45.63 45.95 22927
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