VEGOILS-Market factors to watch May 28
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures saw their sharpest fall in seven weeks on Friday evening, weighed
down by weak export demand and losses in related edible oils on the U.S. Chicago Board of Trade
and China's Dalian Commodity Exchange.
* U.S. wheat futures jumped more than 2 percent on Friday and ended the week up nearly 5 percent
as worries about dry weather in key global production regions fueled short-covering and
speculative buying.
* Oil prices dropped on Monday on signs that output from the three top crude producers, Russia,
the United States and Saudi Arabia, would climb to meet concerns about supply amid strong
demand.
MARKET NEWS
* Growing expectations of increased oil supply hit crude prices on Friday, lifting the U.S.
dollar and weighing on energy shares, while political upheaval in Europe and uncertainty over a
U.S.-North Korea summit restrained equity markets.
RELATED
> New Singapore exchange kicks off trading with palm oil futures
> U.S. biodiesel lobby drops effort to adjust $1-per-gallon tax credit
> Hot weekend to boost growth of U.S. Midwest corn, soy crops
> In U.S. soybean splurge, Beijing faces tough sell to saturated market
DATA/EVENTS
> Cargo surveyor AmSpec releases Malaysia's May 1-31 palm oil export data on May 31.
> Cargo surveyor SGS releases Malaysia's May 1-31 palm oil export data on May 31.
* 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 0056 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN8 0 +0.00 0 0 0
MY PALM OIL JUL8 0 +0.00 0 0 0
MY PALM OIL AUG8 0 +0.00 0 0 0
CHINA PALM OLEIN SEP8 5098 -66.00 5090 5124 114742
CHINA SOYOIL SEP8 5778 -40.00 5770 5806 145632
CBOT SOY OIL JUL8 31.34 -3.30 0 0 0
INDIA PALM OIL MAY8 665.00 -3.30 664.40 667.8 512
INDIA SOYOIL JUN8 773.6 -5.30 773.2 779.9 14560
NYMEX CRUDE JUL8 67.12 -0.76 67.00 67.55 21204
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)
