KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday April 14.
FUNDAMENTALS
* Malaysian palm oil futures inched up on Monday as weakness in the ringgit and gains in
competing vegetable oils encouraged buying.
* Chicago Board of Trade wheat futures fell more than 4 percent on Monday to the lowest in two
weeks as forecasts for timely showers across dry U.S. crop regions eased concern over potential
yield losses.
* Crude futures rose on Monday, but closed well below intraday peaks, as concerns about Iran and
turmoil in Yemen supported prices, while the global supply glut continued to cap gains.
MARKET NEWS
* Equities in major markets slipped on Monday, weighed down by Wall Street on trepidation over
first-quarter earnings, while crude prices added to last week's gains on concern about Middle
East tensions.
RELATED
> Palm seen trading lower at 2,100-2,300 rgt until May -Mistry
> China soybean imports expected to rise high, soymeal demand weak
> Rains in Argentina seen slowing soy harvest while improving soil
> China super-rice grower blames weather, fungus for harvest failure
> Greenyard Foods merges to become global fruit, vegetable giant
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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