VEGOILS-Market factors to watch March 17
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures slid to their lowest in nearly six weeks on Monday,
after a decision by the second-largest producer to impose export taxes next
month fuelled worries that price-sensitive buyers would switch to rival edible
oils.
* U.S. wheat futures rose for the sixth time in seven sessions on Monday on
concerns about dry conditions in the U.S. Plains hindering growth as the winter
wheat crop emerges from dormancy.
* Oil prices fell 2 percent on Monday, with U.S. crude hitting six-year lows, on
signs of higher output in the United States and Libya and a possible nuclear
deal that could end sanctions for Iran, allowing more of its oil into the
market.
MARKET NEWS
* The U.S. dollar weakened broadly on Monday ahead of the Federal Reserve's
policy meeting on worries that the central bank could become more cautious about
raising interest rates, while Wall Street stocks rose as the greenback's fall
eased worries about its effect on corporate profits.
RELATED
> Indonesia may give tax breaks to support new biodiesel mandates
[ID:nL3N0WI322
> Malaysia's Mar 1-15 palm oil exports fell 5.2 pct -SGS
> India's poor rapeseed output to push cooking oil imports up
> Malaysia's March 1-15 palm exports fall 3.4 pct m/m - ITS
> Canada crop processor Legumex Walker hangs for-sale sign; shares up
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's March 1-20 palm oil exports on March 20.
Palm, soy and crude oil prices at 0003 GMT
Contract Month Last Change Low High Volume
MY PALM OIL APR5 0 +0.00 0 0 0
MY PALM OIL MAY5 0 +0.00 0 0 0
MY PALM OIL JUN5 0 +0.00 0 0 0
CHINA PALM OLEIN SEP5 4672 -10.00 4646 4680 143704
CHINA SOYOIL SEP5 5386 +0.00 5356 5396 148924
CBOT SOY OIL MAY5 30.34 -6.20 30.30 30.36 225
INDIA PALM OIL MAR5 444.60 -6.20 443.20 449.00 1043
INDIA SOYOIL APR5 584.00 +0.50 579.00 588.30 32690
NYMEX CRUDE APR5 43.86 -0.02 43.69 43.97 2328
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 --
