VEGOILS-Market factors to watch March 12

FUNDAMENTALS

* Malaysian palm oil futures edged lower on Monday after government data showed a higher than expected build up in stocks of the edible oil. POI/

* U.S. wheat futures sank 2.7 percent to their lowest since January 2018 on Monday, pressured by plentiful stocks that were providing overseas buyers with multiple options for supplies when looking for export deals. GRA/

* Oil prices rose on Tuesday, lifted by output cuts led by producer group OPEC as well as healthy demand, although analysts said economic headwinds posed downside risks to crude markets. O/R

MARKET NEWS

* Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing (NYSE:BA) shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite. MKTS/GLOB

RELATED > IEA sees U.S. leading global oil supply growth to 2024 > LME launches seven new contracts to try to boost volumes, profit > EXCLUSIVE-Citgo, Valero try to return Venezuelan oil following sanctions -document > Trump budget proposes steep subsidy cuts to farmers as they grapple with crisis > In fresh blow to Monsanto(NYSE:MON), India cuts GM cotton seed royalty DATA/EVENTS > Cargo surveyor AmSpec releases Malaysia’s Mar 1-15 palm oil export data on Mar 15. > Cargo surveyor SGS releases Malaysia’s Mar 1-15 palm oil export data on Mar 15. > Cargo surveyor ITS releases Malaysia’s Mar 1-15 palm oil export data on Mar 15.

Palm, soy and crude oil prices at 0058 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

4604 +4.00

4576

4608

163192 CHINA SOYOIL

MAY9

5728 -2.00

5694

5732

158264 CBOT SOY OIL

MAR9

29.4 +0.00

0

0

0 INDIA PALM OIL

MAR9 530.50 -7.50 529.50

541

853 INDIA SOYOIL

MAR9

759.9 -1.40

758.1 763.6

9500 NYMEX CRUDE

APR9

56.97 +0.18

56.74 57.09

9188

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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