MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Mar 29
VEGOILS-Market Factors to Watch Mar 29
29/03/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rebounded on Tuesday, up from a five-month low touched in the previous session, tracking a revival in soyoil on the Chicago Board of Trade.
* U.S. wheat prices climbed on Tuesday in a light rebound from multi-month lows set on Monday, although forecasts for much-needed rains in the Plains wheat belt kept a lid on gains, analysts said.
* Oil prices rose as much as 2 percent on Tuesday after a severe disruption to Libyan oil supplies and as officials suggested OPEC and other producing countries could extend an output-cuts deal to the end of the year.
MARKET NEWS
* Wall Street followed gains in stocks globally on Tuesday after U.S. consumer confidence soared to a more than 16-year high, while the U.S. dollar bounced from a four-month low to post its best day in nearly a month.
RELATED
> Hong Kong lifts ban on Brazil meat imports, EU urges action
> Monsanto loses legal battle with Indian seed producer
> PREVIEW-U.S. Plains states to lead big shift into soybeans
> Aramco tax cut lifts company's value by $1 trln, analyst estimates
> Major oil traders see high likelihood of output cuts being extended
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31.
> Cargo surveyor SGS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31.
Palm, soy and crude oil prices at 0028 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR7 0 +0.00 0 0 0
MY PALM OIL MAY7 0 +0.00 0 0 0
MY PALM OIL JUN7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5438 +36.00 5406 5452 143918
CHINA SOYOIL SEP7 6210 +8.00 6188 6236 162684
CBOT SOY OIL MAY7 32.5 +6.00 32.41 32.5 383
INDIA PALM OIL MAR7 537.30 +6.00 532.70 537.3 426
INDIA SOYOIL APR7 643.4 +7.25 636.6 644.4 34950
NYMEX CRUDE MAY7 48.53 +0.16 48.39 48.55 4048
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 rebounded on Tuesday, up from a five-month low touched in the previous session, tracking a revival in soyoil on the Chicago Board of Trade.
* U.S. wheat prices climbed on Tuesday in a light rebound from multi-month lows set on Monday, although forecasts for much-needed rains in the Plains wheat belt kept a lid on gains, analysts said.
* Oil prices rose as much as 2 percent on Tuesday after a severe disruption to Libyan oil supplies and as officials suggested OPEC and other producing countries could extend an output-cuts deal to the end of the year.
MARKET NEWS
* Wall Street followed gains in stocks globally on Tuesday after U.S. consumer confidence soared to a more than 16-year high, while the U.S. dollar bounced from a four-month low to post its best day in nearly a month.
RELATED
> Hong Kong lifts ban on Brazil meat imports, EU urges action
> Monsanto loses legal battle with Indian seed producer
> PREVIEW-U.S. Plains states to lead big shift into soybeans
> Aramco tax cut lifts company's value by $1 trln, analyst estimates
> Major oil traders see high likelihood of output cuts being extended
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31.
> Cargo surveyor SGS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31.
Palm, soy and crude oil prices at 0028 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR7 0 +0.00 0 0 0
MY PALM OIL MAY7 0 +0.00 0 0 0
MY PALM OIL JUN7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5438 +36.00 5406 5452 143918
CHINA SOYOIL SEP7 6210 +8.00 6188 6236 162684
CBOT SOY OIL MAY7 32.5 +6.00 32.41 32.5 383
INDIA PALM OIL MAR7 537.30 +6.00 532.70 537.3 426
INDIA SOYOIL APR7 643.4 +7.25 636.6 644.4 34950
NYMEX CRUDE MAY7 48.53 +0.16 48.39 48.55 4048
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