MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch March 30
VEGOILS-Market Factors To Watch March 30
30/03/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures reversed course to rise in late trade on Tuesday, marking a third straight day of gains.
* U.S. wheat fell for the first time in three sessions on Wednesday, edging down from a two-week high, although forecasts for potential crop damaging weather provided a floor to losses.
* U.S. crude futures rebounded in early Asian trade on Wednesday, buoyed by a forecast of a less than expected build in crude oil stockpiles last week, although concern over an oversupplied market and a stronger dollar put a ceiling on gains.
MARKET NEWS
* Asian shares gained on Wednesday as markets scaled back expectations for how fast and far U.S. interest rates might rise this year, bruising the dollar and boosting sovereign bonds.
RELATED
> Brazil demand for Argentine corn seen as short-term
> End of China's corn stockpiling threatens global feed -grain trade
> FOB Gulf Grain-Soybean premiums steady/weak on light demand
> U.S. wheat extends gains on threat from dry, chilly weather
> Brazil's Cunha says PMDB not at fault for Rousseff policies
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's March 1-31 palm oil export data on March 31.
> Cargo surveyor SGS releases Malaysia's March 1-31 palm oil export data on March 31.
Palm, soy and crude oil prices at 0055 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR6 0 +0.00 0 0 0
MY PALM OIL MAY6 0 +0.00 0 0 0
MY PALM OIL JUN6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5550 +20.00 5534 5584 553016
CHINA SOYOIL SEP6 6022 +4.00 6018 6058 255748
CBOT SOY OIL MAY6 34.02 +2.60 33.99 34.05 494
INDIA PALM OIL MAR6 527.40 +2.60 523.90 527.8 519
INDIA SOYOIL APR6 642.5 -0.20 639.3 644.8 62810
NYMEX CRUDE MAY6 38.65 +0.37 38.50 38.69 5699
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 reversed course to rise in late trade on Tuesday, marking a third straight day of gains.
* U.S. wheat fell for the first time in three sessions on Wednesday, edging down from a two-week high, although forecasts for potential crop damaging weather provided a floor to losses.
* U.S. crude futures rebounded in early Asian trade on Wednesday, buoyed by a forecast of a less than expected build in crude oil stockpiles last week, although concern over an oversupplied market and a stronger dollar put a ceiling on gains.
MARKET NEWS
* Asian shares gained on Wednesday as markets scaled back expectations for how fast and far U.S. interest rates might rise this year, bruising the dollar and boosting sovereign bonds.
RELATED
> Brazil demand for Argentine corn seen as short-term
> End of China's corn stockpiling threatens global feed -grain trade
> FOB Gulf Grain-Soybean premiums steady/weak on light demand
> U.S. wheat extends gains on threat from dry, chilly weather
> Brazil's Cunha says PMDB not at fault for Rousseff policies
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's March 1-31 palm oil export data on March 31.
> Cargo surveyor SGS releases Malaysia's March 1-31 palm oil export data on March 31.
Palm, soy and crude oil prices at 0055 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR6 0 +0.00 0 0 0
MY PALM OIL MAY6 0 +0.00 0 0 0
MY PALM OIL JUN6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5550 +20.00 5534 5584 553016
CHINA SOYOIL SEP6 6022 +4.00 6018 6058 255748
CBOT SOY OIL MAY6 34.02 +2.60 33.99 34.05 494
INDIA PALM OIL MAR6 527.40 +2.60 523.90 527.8 519
INDIA SOYOIL APR6 642.5 -0.20 639.3 644.8 62810
NYMEX CRUDE MAY6 38.65 +0.37 38.50 38.69 5699
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