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 ended higher on Tuesday, recouping from a drop
early in the day to snap three days of losses as low prices attracted bargain
hunters, although poor export data put a lid on gains.
* U.S. corn futures eased for the first time in three sessions on Tuesday while
wheat prices also lost ground as investors took profits ahead of a major
government crop report due next week.
* Brent crude oil futures rose on Tuesday on renewed geopolitical risk over
Russia and supply disruptions in Nigeria and Libya, while U.S. crude was
pressured lower by forecasts for a stock build.
MARKET NEWS
* Asian shares edged higher in early trade on Wednesday on fresh signs of
strength in the U.S. economy and diminishing concerns over the diplomatic
standoff between the West and Russia.
* Copper sank to 8-1/2 month lows on Monday, dropping steeply for a second
session, while oil lost more than a dollar and Shanghai-traded commodities
slumped after a surprise fall in China's exports heightened fears of an economic
slowdown.
RELATED
> Evogene, SLC Agricola in castor bean deal in Brazil
> Malaysia's Mar 1-25 palm oil exports fell 11.2 pct -SGS
> China rejects more U.S. corn due to GMO as state sales approach
> Malaysia's March 1-25 palm oil exports down 11.5 pct-ITS
> El Nino poses new threat to Brazil's cane and coffee, aid to soy
> Record Argentine soy crop seen smoothing port worker wage talks
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release Malaysia's March palm oil export data on March 31.
Palm, soy and crude oil prices at 0009 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 40.72 -0.02 40.68 40.74 105
NYMEX CRUDE MAY4 99.23 +0.04 99.10 99.28 684
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 --
