27 May 2019 (Yahoo News) KUALA LUMPUR - Malaysian palm oil futures rose 1% in early trade on Monday, following three previous sessions of losses. Benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last up 1.1% at 2,036 ringgit ($486.73) per tonne.

FUNDAMENTALS * Malaysia is expected to allow for a higher percentage of palm biodiesel blends over the next few decades, the international trade and industry ministry has said. * Palm oil may bounce more to 2,049 ringgit per tonne, as it has broken a resistance 2,026 ringgit, said Wang Tao, a Reuters market analyst for commodities and energy technicals. * U.S. corn futures scaled to their highest in a year on Friday as soggy U.S. Midwest field conditions and forecasts for unrelenting rain across the region heightened concerns that farmers may be unable to plant a sizable portion of the crop. * Oil prices rose on Monday as ongoing supply cuts led by producer club OPEC kept markets relatively tight, but Brent remained below $70 per barrel on concerns over an ongoing trade war between the United States and China.

MARKET NEWS * Asia stocks edged up early on Monday, and the euro was confined to a narrow range after the weekend's European Parliament elections highlighted the deepening political fragmentation of the 28-country bloc. * The euro barely budged in early Monday trade after pro-European Union parties held on to two-thirds of seats in the EU parliament elections, limiting gains in nationalist opponents. * Wall Street's major stock indexes rose on Friday after falling in the previous session, as hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors. For more vegetable oil-related stories, please click

DATA/EVENTS (GMT) 0300 Bank of Japan Governor Haruhiko Kuroda delivers a speech at T20 Summit in Tokyo Palm, soy and crude oil prices at 0234 GMT Contract Month Last Change Low High Volume MY PALM OIL JUN9 0 +0.00 0 0 0 MY PALM OIL JUL9 2017 +13.00 2014 2018 105 MY PALM OIL AUG9 2030 +17.00 2020 2030 589 CHINA PALM OLEIN SEP9 4396 +32.00 4364 4404 294032 CHINA SOYOIL SEP9 5380 +26.00 5354 5384 178782 CBOT SOY OIL JUL9 27.01 +0.00 0 0 0 INDIA PALM OIL MAY9 0.00 +0.00 0.00 0 0 INDIA SOYOIL JUN9 744.9 +3.30 740.5 745 7930 NYMEX CRUDE JUL9 58.57 -0.06 58.53 59.04 41256

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 * For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type . * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in and press enter, or double click between the brackets. * Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils -- Malaysian palm oil exports -- CBOT soyoil futures -- CBOT soybean futures -- Indian solvent -- Weekly Indian vegetable oils -- Dalian Commodity Exchange -- Dalian soyoil futures -- Dalian refined palm oil futures -- Zhengzhou rapeseed oil -- European edible oil prices/trades -- ($1 = 4.1830 ringgit) ($1 = 69.3640 Indian rupees) ($1 = 6.8891 Chinese yuan) (Reporting by Emily Chow; editing by Uttaresh.V)