MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch April 19
VEGOILS-Market Factors to Watch April 19
19/04/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Tuesday, recording a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils.
* U.S. soybean futures fell on Tuesday for the second day in a row, hitting a one-week low as traders locked in profits from last week's rally.
* Oil prices fell on Tuesday, then slid more in post-settlement trade after an industry group reported that U.S. crude stockpiles fell less than expected in the latest week while gasoline stockpiles grew unseasonably.
MARKET NEWS
* Sterling stole the show in Asia on Wednesday amid speculation Britain's surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European Union.
RELATED
> Trump vows to back U.S. dairy farmers in Canada trade spat
> Farm loan write-offs win votes in India, but may hurt economy
> Rebalancing oil market will take more time, says UAE
> Freeport Indonesia has initial approval to resume copper exports -spokesman
> India's 2017 monsoon rains seen at average levels -weather office
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s Apr 1-20 palm oil export data on Apr 20.
> Cargo surveyor SGS releases Malaysia’s Apr 1-20 palm oil export data on Apr 20.
Palm, soy and crude oil prices at 0059 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY7 0 +0.00 0 0 0
MY PALM OIL JUN7 0 +0.00 0 0 0
MY PALM OIL JUL7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5120 -90.00 5110 5162 246670
CHINA SOYOIL SEP7 5818 -134.00 5806 5894 370382
CBOT SOY OIL MAY7 31.15 -5.30 31.13 31.3 2319
INDIA PALM OIL APR7 509.00 -5.30 506.60 512 1457
INDIA SOYOIL APR7 630 -4.90 629 635.5 3520
NYMEX CRUDE MAY7 52.37 -0.04 52.29 52.42 1075
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 fell on Tuesday, recording a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils.
* U.S. soybean futures fell on Tuesday for the second day in a row, hitting a one-week low as traders locked in profits from last week's rally.
* Oil prices fell on Tuesday, then slid more in post-settlement trade after an industry group reported that U.S. crude stockpiles fell less than expected in the latest week while gasoline stockpiles grew unseasonably.
MARKET NEWS
* Sterling stole the show in Asia on Wednesday amid speculation Britain's surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European Union.
RELATED
> Trump vows to back U.S. dairy farmers in Canada trade spat
> Farm loan write-offs win votes in India, but may hurt economy
> Rebalancing oil market will take more time, says UAE
> Freeport Indonesia has initial approval to resume copper exports -spokesman
> India's 2017 monsoon rains seen at average levels -weather office
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s Apr 1-20 palm oil export data on Apr 20.
> Cargo surveyor SGS releases Malaysia’s Apr 1-20 palm oil export data on Apr 20.
Palm, soy and crude oil prices at 0059 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY7 0 +0.00 0 0 0
MY PALM OIL JUN7 0 +0.00 0 0 0
MY PALM OIL JUL7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5120 -90.00 5110 5162 246670
CHINA SOYOIL SEP7 5818 -134.00 5806 5894 370382
CBOT SOY OIL MAY7 31.15 -5.30 31.13 31.3 2319
INDIA PALM OIL APR7 509.00 -5.30 506.60 512 1457
INDIA SOYOIL APR7 630 -4.90 629 635.5 3520
NYMEX CRUDE MAY7 52.37 -0.04 52.29 52.42 1075
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