KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday April 2.
FUNDAMENTALS
* Malaysian palm oil futures edged lower on Wednesday as worries over increased
production and a stronger ringgit dampened buying.
* U.S. soybean futures jumped 1.6 percent on Wednesday, their third straight day
of gains, as the U.S. government's forecast for smaller-than-expected plantings
of the oilseed continued to fuel buying.
* Oil jumped as much as 5 percent on Wednesday, snapping a three-session losing
streak, as U.S. crude output fell for the first time in two months and the
government announced a smaller-than-feared rise in weekly stockpiles.
MARKET NEWS
* U.S. stocks fell for a second day on Wednesday and the dollar dipped after
weak U.S. private sector employment and manufacturing data fed worries about the
U.S. economy ahead of a highly anticipated jobs report Friday.
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DATA/EVENTS
> NIL
Palm, soy and crude oil prices at 0016 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 4644 -14.00 4612 4688 368576
CHINA SOYOIL SEP5 5392 +28.00 5336 5428 403272
CBOT SOY OIL MAY5 30.60 +3.60 30.60 30.66 405
INDIA PALM OIL APR5 438.60 +3.60 432.60 440.00 2188
INDIA SOYOIL APR5 590.25 +6.65 584.90 591.00 33790
NYMEX CRUDE MAY5 49.46 -0.63 49.41 49.85 3940
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
- Reuters
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