PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 07 Apr 2026

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MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch June 9
calendar09-06-2016 | linkReuters | Share This Post:

09/06/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures declined further on Wednesday, hitting a near two-week low, as the ringgit remained at its strongest level for nearly three weeks.

* Chicago Board of Trade soybean futures jumped 3.4 percent to their highest in nearly two years on Wednesday as forecasts for hot temperatures to hit key growing U.S. regions stoked fears of damage to nascent crops, traders said.

* Crude futures rose on Wednesday, hitting 2016 highs above $50 a barrel and settling up for a third straight day on worries about sabotage of oil facilities in Nigeria, although a build in U.S. gasoline stocks amid peak summer demand could pressure prices.

MARKET NEWS

* The U.S. dollar fell for a fourth straight session on Wednesday on waning expectations of a near-term Federal Reserve interest rate hike, while an index of world equity markets advanced to a six-week high.

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> Weather concerns spark soybean rally; corn, wheat firm too

> Monsoon rains arrive at India's Kerala coast - weather office source

> After five lean years, gold miners gear up for growth

> World oil reserves stable despite drop in investment -BP

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 0034 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 0 +0.00 0 0 0

CHINA SOYOIL SEP6 0 +0.00 0 0 0

CBOT SOY OIL JUL6 32.9 +5.20 32.8 32.99 945

INDIA PALM OIL JUN6 533.30 +5.20 523.10 535.6 2728

INDIA SOYOIL JUN6 648 +7.80 639.5 649 23450

NYMEX CRUDE JUL6 51.60 +0.37 51.43 51.67 4893

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