KUALA LUMPUR, Feb 26 (Reuters) - The following factors are likely to
influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures slid to their lowest in nearly a month on Monday,
tracking steep falls in other vegetable oil markets, although
better-than-expected export numbers helped rein in losses.
* Soybean futures dropped on Monday, due to the ongoing harvest of a large crop
in South America. Soybeans closed well above session lows as bargain buyers
stepped into the market when prices dipped below key technical markers.
* Brent crude rose on Monday after official Chinese data showed strong demand in
the world's second-largest oil consumer, but early gains shrank as uncertainty
surrounding the Italian election sparked fears the euro zone crisis could be
reignited.
MARKET NEWS
* Asian shares will likely take their lead from overnight plunges in global
equities while currency markets remain jittery on Tuesday as the uncertainty
over Italy's election results fuels fears of a resurgent euro zone debt crisis.
* Gold gained its most in nearly five months on Monday, with safe-haven buying
lifting the precious metal in post-session electronic trade as U.S. stocks slid
and as oil reversed an early rally.
RELATED NEWS
> Argentina soy harvest seen smaller at 48 mln tonnes
> Brazil soy harvest leaps to 28 pct complete as rains ease
> Malaysia's Feb 1-25 palm oil exports up 2.7 pct -SGS
> Malaysia's Feb 1-25 palm oil exports up 4.6 pct-ITS
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 0018 GMT
Contract Month Last Change Low High Volume
RINGGIT/USD 3.103 +0.01 3.105 3.1035
CBOT SOYOIL MAY3 50.35 -0.09 50.26 50.43 1256
NYMEX CRUDE APR3 84.39 +0.10 91.92 92.27 1729
CBOT soy oil in U.S. cents per pound
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)
