KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday May 26.
FUNDAMENTALS
* Malaysian palm oil futures ended higher on Monday after touching their lowest level this
month, lifted by strong exports in the No.2 grower, but a delay to export levies in the world's
top producer Indonesia mounted some pressure onto the contract.
* U.S. grains and oilseeds fell more than 1 percent on Friday, with soybeans tumbling to the
lowest levels since October in a broad commodities selloff as the dollar rallied against a
basket of global currencies.
* Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a
holiday in the United States and much of Europe kept trading muted.
MARKET NEWS
* Asian shares fell in early trading on Tuesday, while the dollar held near highs scaled in
holiday-thinned trading in the previous session.
RELATED
> Malaysia's May 1-25 palm oil exports rose 55.0 pct -SGS
> Indonesia delays $50/T palm levy, could come in two weeks
> Malaysia's May 1 - 25 palm oil exports up 52.9 pct -ITS
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's May palm oil exports on June 1.
Palm, soy and crude oil prices at 0043 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN5 0 +0.00 0 0 0
MY PALM OIL JUL5 0 +0.00 0 0 0
MY PALM OIL AUG5 0 +0.00 0 0 0
CHINA PALM OLEIN SEP5 4988 +84.00 4918 4992 239606
CHINA SOYOIL SEP5 5722 +62.00 5662 5728 235752
CBOT SOY OIL JUL5 31.90 +2.70 31.59 31.93 1417
INDIA PALM OIL MAY5 450.40 +2.70 445.70 450.80 543
INDIA SOYOIL JUN5 594.65 -0.85 590.00 596.00 28235
NYMEX CRUDE JUL5 59.85 +0.13 59.10 60.25 39816
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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