VEGOILS-Market factors to watch Feb 22

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

FUNDAMENTALS

* Malaysian palm oil futures recovered from a one-month low on Thursday, tracking strength in U.S. soyoil and snapping two sessions of declines. POI/

* Chicago wheat futures rebounded on Thursday after a four-day slide, while the grains market overall steadied as U.S. and China trade negotiators sketched an outline for what could be a deal to end the trade war. GRA/

* Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets. O/R

MARKET NEWS

* Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks. MKTS/GLOB

RELATED > US farm exports expected to fall $1.9 bln in 2019, led by China > Bunge’s U.S.-China trade war bet leads to Q4 loss, shares dive > S&P Global (NYSE:SPGI) Platts seeks revised U.S. ethanol pricing method amid trader concerns > Brazil to propose more self-monitoring of meatpackers > IGC raises forecasts for 2018/19 world corn crop > Cargo surveyor AmSpec releases Malaysia’s Feb 1-25 palm oil export data on Feb 25. > Cargo surveyor SGS releases Malaysia’s Feb 1-25 palm oil export data on Feb 25. > Cargo surveyor ITS releases Malaysia’s Feb 1-25 palm oil export data on Feb 25.

Palm, soy and crude oil prices at 0037 GMT Contract

Month

Last Change

Low

High

Volume MY PALM OIL

MAR9

0

+0.00

0

0

0 MY PALM OIL

APR9

0

+0.00

0

0

0 MY PALM OIL

MAY9

0

+0.00

0

0

0 CHINA PALM OLEIN

MAY9

4720 +12.00

4718

4754

152032 CHINA SOYOIL

MAY9

5714 +26.00

5708

5758

176306 CBOT SOY OIL

MAR9

30.49

+0.00

0

0

0 INDIA PALM OIL

FEB9

568.60

-1.20

565.20

570.6

1421 INDIA SOYOIL

MAR9

770

+1.00

765.3

772

12740 NYMEX CRUDE

APR9

56.88

-0.08

56.71

56.91

3345

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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