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
