VEGOILS-Market factors to watch Feb 11

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures fell more than 1 percent on Friday, retreating from the previous session’s seven-month high, hindered by a stronger ringgit MYR= and losses in U.S. soyoil on the Chicago Board of Trade. POI/

* U.S. soybean futures ended firm on Friday as late-session short-covering lifted prices from lows notched after the U.S. Department of Agriculture (USDA) projected record large U.S. soy stocks amid a still-unresolved trade dispute with top importer China. GRA/

* Oil futures edged higher on Friday but ended the week with a loss on renewed concerns about slowing global demand and after the dollar posted its best week in six months. O/R

MARKET NEWS

* Asian shares started the week on the backfoot on Monday as worries about global growth, U.S. politics and the ongoing Sino-U.S. tariff war kept investors cautious, while the safe-haven greenback held near a six-week top against major currencies. MKTS/GLOB

RELATED > U.S. soy supplies surge, winter wheat acreage falls to 110-year low > Brazil farmers halt soy sales as real strengthens, China buys U.S. supplies > Funds net sellers of CBOT corn, buyers of wheat and soy -traders > U.S.-China trade talks to resume in Beijing -White House > Cargo surveyor AmSpec releases Malaysia’s Feb 1-10 palm oil export data on Feb 11. > Cargo surveyor SGS releases Malaysia’s Feb 1-10 palm oil export data on Feb 11. > Cargo surveyor ITS releases Malaysia’s Feb 1-15 palm oil export data on Feb 15.

Palm, soy and crude oil prices at 0044 GMT

Contract

Month

Last Change

Low

High

Volume MY PALM OIL

FEB9

0

+0.00

0

0

0 MY PALM OIL

MAR9

0

+0.00

0

0

0 MY PALM OIL

APR9

0

+0.00

0

0

0 CBOT SOY OIL

MAR9

30.87

+0.00

0

0

0 INDIA PALM OIL

FEB9

570.50

-2.20

568.10

575

964 INDIA SOYOIL

FEB9

775.2

-0.90

773.35

777

8230 NYMEX CRUDE

MAR9

52.44

-0.28

52.36

52.78

13829 Palm oil prices in Malaysian ringgit 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

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