PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 07 Apr 2026

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MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch June 6
calendar06-06-2016 | linkReuters | Share This Post:

06/06/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures rebounded from losses made in early trade, rising to a three and a half week high on Friday evening as better performing rival oils lent support to palm prices, despite a stronger ringgit.

* U.S. soybean futures backed off two-year highs on Friday, with investment funds locking in profits from the oilseed's sharp rally this week.

* Oil prices tumbled more than 1 percent on Friday, extending losses after weekly industry data showed U.S. drillers added rigs for only the second time this year.

MARKET NEWS

* U.S. and European shares, the dollar, oil and bond yields all dived on Friday after data showed the slowest pace of U.S. job growth in more than five years, dashing expectations that the Federal Reserve could raise interest rates in June.

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DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's June 1-10 palm oil export data on June 10.

> Cargo surveyor SGS releases Malaysia's June 1-10 palm oil export data on June 10.

Palm, soy and crude oil prices at 0011 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUN6 0 +0.00 0 0 0

MY PALM OIL JUL6 0 +0.00 0 0 0

MY PALM OIL AUG6 0 +0.00 0 0 0

CHINA PALM OLEIN SEP6 5342 -6.00 5318 5410 255428

CHINA SOYOIL SEP6 6100 +34.00 6070 6150 212664

CBOT SOY OIL JUL6 32.52 -0.90 32.34 32.56 760

INDIA PALM OIL JUN6 532.50 -0.90 531.10 536.4 1455

INDIA SOYOIL JUN6 648.7 -2.65 648.1 653.5 37730

NYMEX CRUDE JUL6 48.89 +0.27 48.71 48.96 3839

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