MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch April 4
VEGOILS-Market Factors To Watch April 4
04/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose on Friday, charting a third session of gains this week and tracking competing vegetable oils.
* U.S. soybean and wheat futures rose on Friday as estimates of smaller-than-expected U.S.plantings spurred buying.
* Oil tumbled about 4 percent on Friday, after a Saudi prince reportedly said the kingdom will not freeze output without Iran and other major producers doing so, and data showed the global crude glut was likely to grow.
MARKET NEWS
* Stocks on Wall Street rose on Friday after better-than-expected U.S. jobs and factory survey data, but a gloomy manufacturing report in Japan knocked other global equity markets lower and crude oil prices slumped.
RELATED
> As China reforms its corn market, farmers switch to growing soybeans
> As Indonesian forests burn, new anti-fire agency feels heat
> China's grain reforms to boost depressed corn processing industry
> Brazil pivots from corn to soy in early start to grain export season
> As US shale drillers suffer, even the bankrupt keep pumping oil
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-10 palm oil export data on April 11.
> Cargo surveyor SGS releases Malaysia's April 1-10 palm oil export data on April 11.
Palm, soy and crude oil prices at 0030 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 0 +0.00 0 0 0
CHINA SOYOIL SEP6 0 +0.00 0 0 0
CBOT SOY OIL MAY6 34.47 +6.80 34.44 34.49 790
INDIA PALM OIL APR6 552.10 +6.80 548.20 554.1 3049
INDIA SOYOIL APR6 646.2 +11.45 638 649.5 57750
NYMEX CRUDE MAY6 36.45 -0.34 36.21 36.70 16291
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 rose on Friday, charting a third session of gains this week and tracking competing vegetable oils.
* U.S. soybean and wheat futures rose on Friday as estimates of smaller-than-expected U.S.plantings spurred buying.
* Oil tumbled about 4 percent on Friday, after a Saudi prince reportedly said the kingdom will not freeze output without Iran and other major producers doing so, and data showed the global crude glut was likely to grow.
MARKET NEWS
* Stocks on Wall Street rose on Friday after better-than-expected U.S. jobs and factory survey data, but a gloomy manufacturing report in Japan knocked other global equity markets lower and crude oil prices slumped.
RELATED
> As China reforms its corn market, farmers switch to growing soybeans
> As Indonesian forests burn, new anti-fire agency feels heat
> China's grain reforms to boost depressed corn processing industry
> Brazil pivots from corn to soy in early start to grain export season
> As US shale drillers suffer, even the bankrupt keep pumping oil
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-10 palm oil export data on April 11.
> Cargo surveyor SGS releases Malaysia's April 1-10 palm oil export data on April 11.
Palm, soy and crude oil prices at 0030 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 0 +0.00 0 0 0
CHINA SOYOIL SEP6 0 +0.00 0 0 0
CBOT SOY OIL MAY6 34.47 +6.80 34.44 34.49 790
INDIA PALM OIL APR6 552.10 +6.80 548.20 554.1 3049
INDIA SOYOIL APR6 646.2 +11.45 638 649.5 57750
NYMEX CRUDE MAY6 36.45 -0.34 36.21 36.70 16291
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