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MARKET DEVELOPMENT
Vegoils: Market Factors to Watch Tuesday April 14
calendar14-04-2015 | linkReuters | Share This Post:

14/04/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday April 14.
   
FUNDAMENTALS
* Malaysian palm oil futures inched up on Monday as weakness in the ringgit and gains in competing vegetable oils encouraged buying.
* Chicago Board of Trade wheat futures fell more than 4 percent on Monday to the lowest in two weeks as forecasts for timely showers across dry U.S. crop regions eased concern over potential yield losses.
* Crude futures rose on Monday, but closed well below intraday peaks, as concerns about Iran and turmoil in Yemen supported prices, while the global supply glut continued to cap gains.
   
MARKET NEWS
* Equities in major markets slipped on Monday, weighed down by Wall Street on trepidation over first-quarter earnings, while crude prices added to last week's gains on concern about Middle East tensions.   
   
RELATED
> Palm seen trading lower at 2,100-2,300 rgt until May -Mistry                  
> China soybean imports expected to rise high, soymeal demand weak              
> Rains in Argentina seen slowing soy harvest while improving soil              
> China super-rice grower blames weather, fungus for harvest failure            
> Greenyard Foods merges to become global fruit, vegetable giant                
   
   
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's April 1-15 palm oil exports on April 15.
   
  Palm, soy and crude oil prices at 0452 GMT
                                                                                             
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      FEB5    2240   -24.00    2230    2254      29
  MY PALM OIL      MAR5    2228   -19.00    2220    2249     388
  MY PALM OIL      APR5    2210   -20.00    2202    2222    7986
  CHINA PALM OLEIN MAY5    4846   -22.00    4844    4874  180294
  CHINA SOYOIL     MAY5    5514   -52.00    5508    5562  240078
  CBOT SOY OIL     MAR5   31.48    -3.50   31.47   31.57    2367
  INDIA PALM OIL   JAN5  434.90    -3.50  434.00  439.50     488
  INDIA SOYOIL     FEB5  616.00    -9.00  615.70  624.80   50145
  NYMEX CRUDE      MAR5   45.06    -0.53   44.35   45.35   25835
                                                                                             
  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.