Market factors to watch April 11

FUNDAMENTALS

* Malaysian palm oil futures fell more than 2 percent to a one-week low in evening trade on Wednesday as an official data release from the Malaysian Palm Oil Board (MPOB) showed that March end-stocks and output were higher than forecast. POI/

* U.S. corn and soybean futures closed higher on Wednesday on light technical buying as a blizzard bore down on portions of the Plains and Midwest, threatening to delay plantings, analysts said. GRA/

* Oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production. O/R

MARKET NEWS

* Asian stocks held near eight-month highs on Thursday and the dollar slipped again on expectations global interest rates will stay lower for longer after a dovish turn by the European Central Bank and milder than expected U.S. inflation. MKTS/GLOB

RELATED > Malaysia palm stocks fall to five month low at end-March -MPOB > U.S. grain trader ADM says to seek early retirements, may cut jobs > Argentina grain exchange hikes soy harvest forecast to 56 mln tonnes > Brazil’s April soybean exports seen at 4-year low -data > Cargo surveyor AmSpec releases Malaysia’s Apr 1-15 palm oil export data on Apr 15. > Cargo surveyor SGS releases Malaysia’s Apr 1-15 palm oil export data on Apr 15. > Cargo surveyor ITS releases Malaysia’s Apr 1-15 palm oil export data on Apr 15. Palm, soy and crude oil prices at 0117 GMT Contract

Month

Last Change

Low

High

Volume MY PALM OIL

APR9

0

+0.00

0

0

0 MY PALM OIL

MAY9

0

+0.00

0

0

0 MY PALM OIL

JUN9

0

+0.00

0

0

0 CHINA PALM OLEIN

MAY9

4462 -28.00

4440

4462

38046 CHINA SOYOIL

MAY9

5444 -10.00

5430

5448

19518 CBOT SOY OIL

MAY9

29.04

-0.03

29.01

29.06

847 INDIA PALM OIL

APR9

536.40

-3.50

532.00

542.8

1255 INDIA SOYOIL

APR9

743.8

-2.65

741.6

748.2

5980 NYMEX CRUDE

MAY9

64.37

-0.24

64.32

64.49

8407

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

* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type MYPALM/FLAT .

* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 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

— OILS/ASIA1 Malaysian palm oil exports

— SGSPALM1

CBOT soyoil futures

— 0#BO:

CBOT soybean futures

— 0#S:

Indian solvent

— SOLVENT01 Weekly Indian vegetable oils

— OILS/IN

Dalian Commodity Exchange

— DC/MENU

Dalian soyoil futures

— 0#DBY:

Dalian refined palm oil futures — 0#DCP:

Zhengzhou rapeseed oil

— 0#COI:

European edible oil prices/trades — OILS/E

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *