25.04.2018 (The Edge Markets MY) - KUALA LUMPUR (April 25): Malaysian palm oil futures ended flat on Wednesday evening, previously charting two earlier sessions of declines, as it traded in a tight range due to lacklustre export data.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange edged up slightly at midday break, but eased gains to close flat at 2,397 ringgit (US$613.04) a tonne at the end of the trading day.

Trading volumes stood at 34,768 lots of 25 tonnes each at the close of trade.

"The market is waiting for leads... But as data starts coming in, palm will be under pressure," said a Kuala Lumpur-based trader.

"The export figures are not encouraging," another trader said.

The traders were referring to export data from independent inspection company AmSpec Agri Malaysia and cargo surveyor Societe Generale de Surveillance (SGS), which was posted earlier in the day.

Exports of Malaysian palm oil products for April 1-25 fell 0.8%, compared with the corresponding period last month, according to AmSpec.

 Meanwhile, SGS reported a 2.5% decline for the same duration.

In other related oils, Chicago's July soybean oil contract slipped 0.03%, while September soybean oil on China's Dalian Commodity Exchange edged up 0.4%.

The Dalian September palm oil contract rose 0.04%.

Palm oil is impacted by movements in rival edible oils, as they compete for a share in the global vegetable oils market.    

 Palm, soy and crude oil prices, as of 1049 GMT

 Contract                          Month       Last       Change     Low       High     Volume

 MY PALM OIL                  MAY8      2391        -4.00       2390       2404       204

 MY PALM OIL                  JUN8      2400        +2.00       2394       2412     3590

 MY PALM OIL                   JUL8      2396        +0.00      2393        2410    14845

 CHINA PALM OLEIN       SEP8       4990       +2.00      4968        5012    256278

 CHINA SOYOIL               SEP8      5766       -20.00      5756        5794    286454

 CBOT SOY OIL                JUL8     31.26        +0.00      31.25      31.35     10121

 INDIA PALM OIL             APR8    647.50       +4.50     644.00        648         855

 INDIA SOYOIL                MAY8     773.4        +2.40      770.6      774.8        8530

 NYMEX CRUDE              JUN8     67.91        +0.21      67.48       67.99   122109

 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

(US$1 = 3.9100 ringgit)

(US$1 = 66.8200 Indian rupees)

(US$1 = 6.3195 Chinese yuan)