Malaysian Palm oil/Vegoils: Market factors to watch Monday April 13


KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday April 13.
    
FUNDAMENTALS
* Malaysian palm oil futures ended higher on Friday, pulling up from a near 4-1/2-month low
touched in late trade as robust export data boosted hopes that demand was improving, although
weekly prices still posted their biggest loss in three weeks. 
* U.S. wheat futures rose 1.4 percent on Friday on a round of short-covering by speculators
after price declines in three of the previous four sessions, traders said. 
* Oil prices rose on Friday, posting a weekly gain on lift from lowered expectations that an
agreement on Iran's nuclear program will result in a rapid return of more Iranian barrels to the
market. 
    
MARKET NEWS
* World equity markets tested record highs on Friday on hopes of more stimulus from top central
banks, while the dollar strengthened on favorable government debt yields compared to those of
most other developed countries.    
    
RELATED
> Malaysia's Apr 1-10 palm oil exports rose 29.4 pct -SGS                        
> Malaysia's April 1 - 10 palm oil exports rise 23.8 pct -ITS                    
> Ukraine 2015 grain crop may fall up to 14 pct - govt source                    
> Malaysian March palm stocks rise to 3-mth high as output soars                 
> Thai rice exporters see 2015 shipments falling short of forecasts              
> Venezuela curbs cocoa exports, irking Japanese, Swiss chocolatiers             
> Truck access to Brazil's Santos port to increase over weekend                  
    
    
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's April 1-15 palm oil exports on April 15. 
    
  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
- Reuters

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