MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch April 21
VEGOILS-Market Factors to Watch April 21
21/04/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures recorded their biggest daily gain in two weeks on Thursday, ending six sessions of losses as they tracked strength in soyoil and were helped by a technical correction.
* Chicago Board of Trade wheat futures dropped 3.1 percent to their lowest in nearly four months on Thursday, with investors beating back an overnight rally attempt amid plentiful global supplies.
* Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.
MARKET NEWS
* Stocks on major markets rose along with the euro on Thursday as a market-friendly presidential candidate led in opinion polls ahead of elections in France on Sunday.
RELATED
> Saudi Arabia, Kuwait signal likely extension of oil output cut
> Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks
> Trudeau defends Canada's dairy system against Trump protectionist charge
> Ivory Coast cocoa quality suffers as merchants blend beans
> Brazil's JBS to resume slaughtering at six idle beef units next week
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s Apr 1-25 palm oil export data on Apr 25.
> Cargo surveyor SGS releases Malaysia’s Apr 1-25 palm oil export data on Apr 25.
Palm, soy and crude oil prices at 0051 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY7 0 +0.00 0 0 0
MY PALM OIL JUN7 0 +0.00 0 0 0
MY PALM OIL JUL7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5154 +28.00 5136 5178 159324
CHINA SOYOIL SEP7 5824 +24.00 5812 5846 203548
CBOT SOY OIL MAY7 31.91 +6.60 31.78 31.91 271
INDIA PALM OIL APR7 516.80 +6.60 510.10 516.8 992
INDIA SOYOIL MAY7 623.75 +4.85 617.5 623.75 30350
NYMEX CRUDE JUN7 50.84 +0.13 50.70 50.85 4743
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 recorded their biggest daily gain in two weeks on Thursday, ending six sessions of losses as they tracked strength in soyoil and were helped by a technical correction.
* Chicago Board of Trade wheat futures dropped 3.1 percent to their lowest in nearly four months on Thursday, with investors beating back an overnight rally attempt amid plentiful global supplies.
* Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.
MARKET NEWS
* Stocks on major markets rose along with the euro on Thursday as a market-friendly presidential candidate led in opinion polls ahead of elections in France on Sunday.
RELATED
> Saudi Arabia, Kuwait signal likely extension of oil output cut
> Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks
> Trudeau defends Canada's dairy system against Trump protectionist charge
> Ivory Coast cocoa quality suffers as merchants blend beans
> Brazil's JBS to resume slaughtering at six idle beef units next week
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s Apr 1-25 palm oil export data on Apr 25.
> Cargo surveyor SGS releases Malaysia’s Apr 1-25 palm oil export data on Apr 25.
Palm, soy and crude oil prices at 0051 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY7 0 +0.00 0 0 0
MY PALM OIL JUN7 0 +0.00 0 0 0
MY PALM OIL JUL7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5154 +28.00 5136 5178 159324
CHINA SOYOIL SEP7 5824 +24.00 5812 5846 203548
CBOT SOY OIL MAY7 31.91 +6.60 31.78 31.91 271
INDIA PALM OIL APR7 516.80 +6.60 510.10 516.8 992
INDIA SOYOIL MAY7 623.75 +4.85 617.5 623.75 30350
NYMEX CRUDE JUN7 50.84 +0.13 50.70 50.85 4743
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