Yahoo Finance VEGOILS-Market factors to watch March 31
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures touched a near two-week low on Monday, before
reversing losses to end positive as traders positioned themselves ahead of
export data due later this week.
* Chicago Board of Trade wheat futures rose more than 4 percent on Monday as dry
conditions in parts of the U.S. Plains, coupled with hot weather this week,
prompted investors to cover positions, traders said.
* Oil settled down for a second straight session on Monday as Iran and six world
powers tried to negotiate a deal on Tehran's nuclear program that could end
Western sanctions and allow the OPEC member to ship more crude into an already
flooded market.
MARKET NEWS
* Asian stocks rose on Tuesday after a rally on Wall Street and steps by China
to shore up its economy boosted risk appetite, while Greek debt worries again
haunted the sagging euro.
RELATED
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> Canpotex sets potash contracts with Chinese buyers
> CME scores victory in day one of battle of new cocoa contracts
> Syria taps world wheat market as stocks run down
> U.S. sorghum seedings seen largest in 7 years on China demand
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's March palm oil exports on March 31.
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 --
