VEGOILS-Market factors to watch Apr 17
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures fell to a one-month low on Monday evening, recording a sixth
straight day of losses on expectations of slowing demand growth and tracking losses in related
edible oils.
* U.S. wheat futures fell to their lowest in 10 days on Monday, led by a 3.4 percent drop in
K.C. hard red winter wheat prices, on forecasts for rain in key growing areas that will provide
relief to a drought-stressed crop, traders said.
* Oil prices dropped on Monday as investor concern waned about escalating tensions in the Middle
East following air strikes on Syria over the weekend.
MARKET NEWS
* Asia stocks edged higher on Tuesday, tracking Wall Street gains as the focus shifted to
corporate earnings and looming economic data from China amid signs Western-led strikes on Syria
weren't likely to escalate.
RELATED
> Weather delays EU spring sowing, winter crops in good shape
> India set to receive average monsoon rains, in boost for poll-bound Modi
> EU crop monitor raises slightly soft wheat yield outlook
> Funds’ upbeat corn, soy views survive initial tariff drama
DATA/EVENTS
> Cargo surveyor AmSpec 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.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal
users can double click on or type.
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and
Rotterdam, please key in and press enter, or double click between the brackets.
* Reuters Terminal users can see cash and futures edible oil prices by double clicking on
the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit
F11.
Palm, soy and crude oil prices at 0052 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY8 0 +0.00 0 0 0
MY PALM OIL JUN8 0 +0.00 0 0 0
MY PALM OIL JUL8 0 +0.00 0 0 0
CHINA PALM OLEIN SEP8 4970 -68.00 4958 5012 176628
CHINA SOYOIL SEP8 5762 -70.00 5750 5808 152228
CBOT SOY OIL MAY8 31.24 -4.30 31.22 31.32 392
INDIA PALM OIL APR8 636.00 -4.30 634.30 639.8 801
INDIA SOYOIL APR8 764.05 -4.65 764 767 1910
NYMEX CRUDE MAY8 66.56 +0.34 66.38 66.62 6580
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
Vegetable oils --
Malaysian palm oil exports --
CBOT soyoil futures --
CBOT soybean futures --
Indian solvent --
Weekly Indian vegetable oils --
Dalian Commodity Exchange --
Dalian soyoil futures --
Dalian refined palm oil futures --
Zhengzhou rapeseed oil --
European edible oil prices/trades --
(Reporting by KL newsroom)
