VEGOILS-Market factors to watch Feb 25

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

FUNDAMENTALS

* Malaysian palm oil futures reversed early gains on Friday to close in negative territory, tracking declines in soyoil on the U.S. Chicago Board of Trade. POI/

* U.S. grain and soy futures seesawed on Friday as traders waited for signs that Washington and Beijing were making progress toward a trade agreement that could boost Chinese imports of U.S. crops. GRA/

* Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce a deal, although new record U.S. oil supply limited gains. O/R

MARKET NEWS

* Asian share markets looked well set on Monday after U.S. President Donald Trump confirmed he would delay a planned increase on Chinese imports as talks between the two sides were making “substantial progress”. MKTS/GLOB

RELATED > China commits to buy 10 mln tonnes U.S. soy in White House meeting -Perdue > USDA sees U.S. corn, soy stockpiles tightening in 2019/20 > France wants agriculture kept out of a EU-US trade deal -Elysee > Indonesia to tap nickel laterite, make batteries to become EV hub > Saudi Arabia strikes $10 bln China deal, talks de-radicalisation with Xi > 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 0039 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

4706

-20.00

4690

4724

104860 CHINA SOYOIL

MAY9

5732

+8.00

5712

5752

129530 CBOT SOY OIL

MAR9

30.51

+0.00

0

0

0 INDIA PALM OIL

FEB9

560.40

-8.00 560.10

568.3

644 INDIA SOYOIL

MAR9

767.2

-2.70

766.5

772

9010 NYMEX CRUDE

APR9

57.43

+0.17

57.12

57.43

6832

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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