VEGOILS-Market factors to watch March 26
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose on Wednesday as export volumes from the No.2
producer recorded an improvement for the first time in three months, but
persistent worries about the outlook for global demand kept a lid on gains.
* U.S. wheat fell for the third straight session on Wednesday, pressured by
technical selling and forecasts for rains needed in the parched southern U.S.
Plains growing region.
* Oil settled up about 3 percent on Wednesday as a weak dollar, fighting in
Yemen and speculative buying boosted crude prices in spite of U.S. inventories
building to record highs for an 11th week.
MARKET NEWS
* Asian shares slipped on Thursday as losses on Wall Street and soft U.S.
economic data soured sentiment, while the dollar's bull run looked to have
stalled for the time being.
RELATED
> Malaysia's Mar 1-25 palm oil exports rose 3.7 pct -SGS
> Malaysia's March 1-25 palm oil exports rise 3.5 pct -ITS
> Palm oil may break support at 2,017 ringgit in 3 months
> Indonesia defends deforestation for palm oil on economic grounds
> Argentine soy harvest under way, high yields offset flood damage
> Nigerian cocoa 2014/15 output to fall by 50,000 T - CAN president
> India expected to be self-sufficient in synthetic rubber by 2017
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's March palm oil exports on March 31.
Palm, soy and crude oil prices at 0452 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB5 2240 -24.00 2230 2254 29
MY PALM OIL MAR5 2228 -19.00 2220 2249 388
MY PALM OIL APR5 2210 -20.00 2202 2222 7986
CHINA PALM OLEIN MAY5 4846 -22.00 4844 4874 180294
CHINA SOYOIL MAY5 5514 -52.00 5508 5562 240078
CBOT SOY OIL MAR5 31.48 -3.50 31.47 31.57 2367
INDIA PALM OIL JAN5 434.90 -3.50 434.00 439.50 488
INDIA SOYOIL FEB5 616.00 -9.00 615.70 624.80 50145
NYMEX CRUDE MAR5 45.06 -0.53 44.35 45.35 25835
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,
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Pakistan and Rotterdam, please key in and press enter, or double
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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 --