VEGOILS-Market factors to watch May 25
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures recovered from the previous session's near three-month low on
Tuesday, supported by a weaker ringgit MYR= while gains in rival oils also boosted sentiment.
* Chicago wheat rose on Tuesday, lifted by short-covering and concerns about unfavorable rains
for maturing U.S. crops.
* Oil rose about 1 percent on Tuesday on a boost from Wall Street and expectations of a drawdown
in U.S. crude inventories, then prices jumped another 1 percent after settlement to nearly $50 a
barrel after an industry group suggested the draw was larger than expected.
MARKET NEWS
* The dollar hit its highest against the euro in nearly 10 weeks on Tuesday, while U.S. bond
prices dipped as expectations grew that the Federal Reserve could raise interest rates soon.
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DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's May 1-25 palm oil export data on May 25.
> Cargo surveyor SGS releases Malaysia's May 1-25 palm oil export data on May 25.
* 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 0020 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
MY PALM OIL AUG6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5060 +28.00 5032 5076 239294
CHINA SOYOIL SEP6 5830 +52.00 5782 5848 227152
CBOT SOY OIL JUL6 30.88 -1.90 30.87 30.94 598
INDIA PALM OIL MAY6 528.90 -1.90 527.70 534.9 787
INDIA SOYOIL JUN6 640 +1.05 637.3 643.4 58610
NYMEX CRUDE JUL6 49.21 +0.59 49.05 49.29 6612
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 Rozanna Latiff)