KUALA LUMPUR, Feb 27 (Reuters) - The following factors are likely to
influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures slipped on Tuesday to their lowest in more than
five weeks, as weak overseas vegetable oil markets kept investors on edge,
although upbeat export data and slowing production helped limit losses.
* Soybean prices declined, giving up early gains as prices failed to break
through technical resistance at their 20-day moving average.
* Brent crude oil fell to a one-month low under $113 a barrel on Tuesday as
inconclusive Italian election results revived investor concerns about
instability in the euro zone and about future demand for fuel.
MARKET NEWS
* U.S. stocks jumped on Tuesday after Federal Reserve Chairman Ben Bernanke
reassured investors about the continuation of stimulus measures, bucking a
downward trend in global equities and oil prices on the uncertainty created by
Italy's election.
* Gold's biggest rally in months stretched into a second day on Tuesday after
the U.S. Federal Reserve chief defended the stimulus program that has stoked
gold buying on inflation worries, but oil fell on concern about Italy's
elections.
RELATED NEWS
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> Palm oil demand to rise on competitive price- Oil World
> FACTBOX-Expectations from India's 2013/14 budget
DATA/EVENTS
> Cargo surveyors release Malaysia's February palm export data on Thursday.
> Bursa Malaysia holds annual palm oil conference at the ShangriLa, Kuala
Lumpur, March 4-6.
Key commodity markets at 0016 GMT
Contract Month Last Change Low High Volume
RINGGIT/USD 3.1 -0.00 3.1 3.1005
CHINA PALM OLEIN SEP3 0 +0.00 0 0 0
CHINA SOYOIL SEP3 0 +0.00 0 0 0
CBOT SOYOIL MAY3 49.47 +0.08 49.42 49.49 555
NYMEX CRUDE APR3 92.78 +0.15 92.70 92.84 479
CBOT soy oil in U.S. cents per pound
Dalian soy oil in Chinese yuan per tonne
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 the Kuala Lumpur bureau)
