PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 07 Apr 2026

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MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch May 10
calendar10-05-2016 | linkReuters | Share This Post:

10/05/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian benchmark palm oil futures rose on Monday, supported by improved demand and forecasts that stockpiles will drop on falling production ahead of a data release from the Malaysian Palm Oil Board (MPOB).

* U.S. corn futures fell about 2 percent on Monday to the lowest level since mid-April, pressured by broad weakness in commodities and positioning a day ahead of a monthly U.S. Department of Agriculture report, analysts said.

* Oil prices tumbled on Monday on expectations that U.S. crude inventories would again build to record highs, taking the market's focus off swooning Canadian oil output due to raging wildfires.

MARKET NEWS

* The yen tumbled against the U.S. dollar on Monday as Japan signaled it was ready to intervene in the currency market, while a sharp drop in oil prices undercut equities.

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> Producers, refiners see prolonged shutdown from Canadian wildfire

DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's May 1-10 palm oil export data on May 10.

> Cargo surveyor SGS releases Malaysia's May 1-10 palm oil export data on May 10.

Palm, soy and crude oil prices at 0005 GMT

Contract Month Last Change Low High Volume

MY PALM OIL MAY6 0 +0.00 0 0 0

MY PALM OIL JUN6 0 +0.00 0 0 0

MY PALM OIL JUL6 0 +0.00 0 0 0

CHINA PALM OLEIN SEP6 5382 -76.00 5364 5504 607244

CHINA SOYOIL SEP6 6134 -70.00 6122 6248 398988

CBOT SOY OIL JUL6 32.8 +4.90 32.76 32.83 177

INDIA PALM OIL MAY6 557.40 +4.90 555.60 564 3044

INDIA SOYOIL MAY6 649 +5.30 648 654 23430

NYMEX CRUDE JUN6 43.25 -0.19 43.19 43.40 5378

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