VEGOILS-Market factors to watch May 3
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures declined on Friday to a new seven-week low, as palm exports slow
due to stronger demand for rival soyoil.
* U.S. soybean futures rallied on Monday, piggybacking on sharp gains in the soymeal market,
while corn and wheat futures were steady to weaker.
* Oil prices fell about 3 percent on Monday as production from the Organization of the Petroleum
Exporting Countries neared all-time peaks and record speculative buying in global benchmark
Brent sparked profit-taking on last month's outsized rally.
MARKET NEWS
* A weakening U.S. dollar and optimism that commodity prices will steady boosted global stock
markets on Monday, pushing down U.S. Treasury prices.
RELATED
> India to revoke compulsory sugar export order - officials
> Wilmar scoops up small ICE May delivery in 5th straight purchase
> EU raises 2016/17 wheat, maize, barley stocks forecasts
> Floods wipe out 15 pct of Argentine soy crop -climate agency
> Brazil soybean exports back in driver's seat with April record
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-30 palm oil export data on May 3.
* 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 0035 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY6 0 +0.00 0 0 0
MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 0 +0.00 0 0 0
CHINA SOYOIL SEP6 0 +0.00 0 0 0
CBOT SOY OIL JUL6 32.46 -8.30 32.42 32.56 935
INDIA PALM OIL MAY6 541.30 -8.30 539.50 549 3250
INDIA SOYOIL MAY6 635.5 -12.40 635.2 647.4 50850
NYMEX CRUDE JUN6 44.82 +0.04 44.67 44.93 3615
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)