Yahoo Finance VEGOILS-Market factors to watch April 1
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures edged down on Tuesday as traders took profits
after a rally the day before and after Indonesia kept its palm oil export tax at
zero for April.
* A double-whammy of U.S. crop reports pegging corn plantings and inventories
above traders' estimates knocked down grain futures on Tuesday and fueled
forecasts for further price declines.
* Oil fell for a third straight session on Tuesday, with Brent crude tumbling 12
percent for the month, as world powers entered into intense negotiations with
Iran for a nuclear deal that could bring more of its oil to an oversupplied
market.
MARKET NEWS
* The euro closed out the worst quarter in its 15-year history on Tuesday,
slammed by monetary policy changes and worries about Greece, while U.S. stocks
retreated a day after posting big gains.
RELATED
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> UPDATE 1-USDA sees corn acres, stocks above expectations, record soy seedings
> Indian soybeans rise on spot demand, rapeseed on concerns about crop damage
> INTERVIEW-Golden Agri sees 2015 palm output at lower end of expectations
DATA/EVENTS
> NIL
Palm, soy and crude oil prices at 0452 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB5 2240 -24.00 2230 2254 29
MY PALM OIL MAR5 2228 -19.00 2220 2249 388
MY PALM OIL APR5 2210 -20.00 2202 2222 7986
CHINA PALM OLEIN MAY5 4846 -22.00 4844 4874 180294
CHINA SOYOIL MAY5 5514 -52.00 5508 5562 240078
CBOT SOY OIL MAR5 31.48 -3.50 31.47 31.57 2367
INDIA PALM OIL JAN5 434.90 -3.50 434.00 439.50 488
INDIA SOYOIL FEB5 616.00 -9.00 615.70 624.80 50145
NYMEX CRUDE MAR5 45.06 -0.53 44.35 45.35 25835
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
* 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.
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 --
