VEGOILS-Market factors to watch March 1

FUNDAMENTALS

* Malaysian palm oil futures recorded a fifth straight day of losses on Thursday, hitting their lowest in two months, as exports weakened and inventories remained high. POI/

* U.S. soybean prices fell on Thursday despite stronger-than-expected export sales as investors worried that an eagerly awaited trade deal between Washington and Beijing remained elusive. GRA/

Brent oil fell while U.S. crude futures steadied on Thursday as U.S.-China trade tensions persisted, both Chinese and Indian economies showed signs of slowing and news of surging U.S. production undermined OPEC-led output curbs. O/R

MARKET NEWS

* Global equities markets fell on Thursday as weak Chinese economic data and mixed messages on the progress of trade talks between China and the United States weighed on investor sentiment. MKTS/GLOB

RELATED > U.S. wins WTO ruling on Chinese grains; decision also affect India > USDA’s outlook for U.S. soybeans might be too hopeful -Braun > Strikes costing French oilseed group Saipol half a million euros a day > Singapore’s Olam says to expand ‘crown jewel’ cocoa business, Q4 profit drops > Brent eases as trade talks drag, China’s economy shows weakness > Cargo surveyor AmSpec releases Malaysia’s Mar 1-10 palm oil export data on Mar 11. > Cargo surveyor SGS releases Malaysia’s Mar 1-10 palm oil export data on Mar 11. > Cargo surveyor ITS releases Malaysia’s Mar 1-10 palm oil export data on Mar 11.

Palm, soy and crude oil prices at 0034 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

4564

+12.00

4534

4588

237138 CHINA SOYOIL

MAY9

5710

+34.00

5662

5750

254670 CBOT SOY OIL

MAR9

29.96

+0.00

0

0

0 INDIA PALM OIL

MAR9

551.60

+0.30 547.20

554

2025 INDIA SOYOIL

MAR9

756

-0.85

751.2

759.2

17290 NYMEX CRUDE

APR9

57.31

+0.09

57.15

57.34

3673

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

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *