The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
* 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
* 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
Volume MY PALM OIL
0 MY PALM OIL
0 MY PALM OIL
0 CHINA PALM OLEIN MAY9
104860 CHINA SOYOIL
129530 CBOT SOY OIL
0 INDIA PALM OIL
644 INDIA SOYOIL
9010 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