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Malaysian palm oil/Vegoils: Market factors to watch Monday April 3
calendar03-04-2017 | linkThe Star Online | Share This Post:

03/04/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday April 3

FUNDAMENTALS

 

* Malaysian palm oil futures slumped to a more than five-month low on Friday evening, shedding earlier gainsas they tracked a weaker performing rival soyoil on the Chicago Board of Trade.

 

* U.S. soybean futures fell to fresh five-month lows on Friday after federal crop forecasters said spring plantings would reach an all-time high above traders' expectations.

 

* Oil prices fell on Friday after a three-day rally ran out of steam as a higher U.S. rig count signaled rising production from shale, contributing to the global supply glut.

 

MARKET NEWS

 

* An index of world stocks dipped on Friday as investors locked in a quarterly gain that has given equities their best start to a year since 2012, while oil finished its worst quarter since 2015.

 

RELATED

 China investors bearish as Dalian exchange launches soymeal options trading

 India cotton imports set to surge to record amid rampant rupee

 Malaysia's March palm oil exports rose 6.9 pct -SGS

 Malaysia's March palm oil exports rise 6.8 pct -ITS

 DuPont in asset deal with FMC, delays close of Dow merger

 

DATA/EVENTS

 Cargo surveyor ITS releases Malaysia’s Mar 1-31 palm oil export data on Apr 10.

 Cargo surveyor SGS releases Malaysia’s Mar 1-31 palm oil export data on Apr 10.

- Reuters