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 fell to their lowest in a month and a half on
Monday, with prices recording their biggest monthly drop in over a year as
disappointing export data stoked worries about slowing global demand for the
vegetable oil.
* U.S. corn futures on Monday closed above $5 per bushel for the first time
since late August after a highly anticipated U.S. crop report revealed that
inventories were smaller than expected on March 1.
* Crude futures dipped in volatile end-of-quarter trading on Monday, pulled off
highs by news Russia was withdrawing some troops on the Ukrainian border and
concerns about the struggling U.S. labor market voiced by Federal Reserve Chair
Janet Yellen.
MARKET NEWS
* Asian shares were down slightly in early trade on Tuesday, as investors chose
discretion over valour ahead of a key manufacturing survey from China even as
Federal Reserve Chair Janet Yellen's dovish comments eased concerns of an early
start to rate hikes.
* Commodities had the best quarter in 18 months as trading for March ended on
Monday, with weather and economic growth likely to determine if gas, gold,
grains, lean hogs and coffee continue going higher and draw money into the
space.
RELATED
> Malaysia's March palm oil exports fell 3.4 pct -SGS
> Malaysia's March palm exports fall 3.1 pct-ITS
DATA/EVENTS
> nil
Palm, soy and crude oil prices at 0022 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR4 0 +0.00 0 0 0
MY PALM OIL MAY4 0 +0.00 0 0 0
MY PALM OIL JUN4 0 +0.00 0 0 0
CHINA PALM OLEIN SEP4 0 +0.00 0 0 0
CHINA SOYOIL SEP4 0 +0.00 0 0 0
CBOT SOY OIL MAY4 40.60 +0.18 40.42 40.65 620
NYMEX CRUDE MAY4 101.44 -0.14 101.34 101.57 886
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
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 --
