VEGOILS-Palm oil edges up in early trade
KUALA LUMPUR, April 25 (Reuters) - Malaysian palm oil futures opened higher
on Thursday, edging up to a three-session top. The benchmark palm oil contract
for July delivery on the Bursa Malaysia Derivatives Exchange was last
up 0.1 percent at 2,173 ringgit ($525.77) a tonne.
FUNDAMENTALS
* Malaysian palm oil futures recovered from earlier losses to close flat on
Wednesday, helped by gains in U.S. soyoil and prospects of improving export
demand.
* Chicago soybean futures edged higher on Thursday after suffering losses for
the last three sessions, triggered by dismal prospects for U.S. exports and
abundant world supplies.
* Oil prices dipped on Thursday as record U.S. output and rising crude
stockpiles dampened the impact on markets of tighter U.S. sanctions on Iran and
producer club OPEC's continued curbs on supply.
MARKET NEWS
* Asian shares slipped on Thursday as a surprise deterioration in German
business morale rekindled fears of slowing global growth, while oil prices
pulled back slightly after a sharp run-up earlier in the week.
* The euro nursed losses against the dollar on Thursday after dipping to a
22-month low on a surprise drop in a leading indicator for economic activity in
Germany, amplifying worries of a growth slowdown in Europe's largest economy.
* The S&P 500 slipped on Wednesday after ending the previous session with
a record and the Nasdaq failed to hold all-time highs reached earlier in
the day while investors waited for more earnings reports.
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DATA/EVENTS (GMT)
0400 Malaysia Cargo surveyor AmSpec palm oil export data April 1-25
0400 Malaysia Cargo surveyor ITS palm oil export data April 1-25
0900 Malaysia Cargo surveyor SGS palm oil export data April 1-25
1200 Brazil IPCA-15 Mid-Month CPI April
1230 US Durable Goods March
1230 US Initial Jobless Claims Weekly
Palm, soy and crude oil prices at 0300 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY9 2065 -14.00 2065 2074 26
MY PALM OIL JUN9 2155 +3.00 2148 2156 258
MY PALM OIL JUL9 2173 +3.00 2164 2176 2013
CHINA PALM OLEIN MAY9 4320 -6.00 4312 4338 20176
CHINA SOYOIL MAY9 5284 -2.00 5268 5294 19364
CBOT SOY OIL MAY9 27.93 +0.01 27.9 27.98 875
INDIA PALM OIL APR9 0.00 +0.00 0.00 0 0
INDIA SOYOIL MAY9 738.1 -0.75 734.15 740.85 24180
NYMEX CRUDE JUN9 65.73 -0.16 65.54 65.82 17567
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
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Vegetable oils --
Malaysian palm oil exports --
CBOT soyoil futures --
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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 --
($1 = 4.1330 ringgit)
($1 = 69.9500 Indian rupees)
($1 = 6.7265 Chinese yuan)
(Reporting by Emily Chow; Editing by Subhranshu Sahu)