The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
* 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
* 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
Volume MY PALM OIL
0 MY PALM OIL
0 MY PALM OIL
0 CHINA PALM OLEIN
152032 CHINA SOYOIL
176306 CBOT SOY OIL
0 INDIA PALM OIL
1421 INDIA SOYOIL
12740 NYMEX CRUDE
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.
— OILS/ASIA1 Malaysian palm oil exports
CBOT soyoil futures
CBOT soybean futures
— SOLVENT01 Weekly Indian vegetable oils
Dalian Commodity Exchange
Dalian soyoil futures
Dalian refined palm oil futures — 0#DCP:
Zhengzhou rapeseed oil
European edible oil prices/trades — OILS/E