VEGOILS-Market factors to watch March 8

FUNDAMENTALS

* Malaysian palm oil futures fell over 1 percent on Thursday, charting a second straight session of declines, on weaker related edible oils and bearish market outlook on palm prices and inventory levels. POI/

* U.S. soybean futures inched upward on Thursday on news that Chinese state-owned firms bought at least 500,000 tonnes of U.S. soybeans, while wheat futures dropped to their lowest levels in more than a year on pressure from a strengthening dollar, traders said. GRA/

* Oil prices edged higher on Thursday, supported by OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by falling stock markets and renewed concerns over demand growth. O/R

MARKET NEWS

* Asian stocks were headed for harm on Friday after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy. MKTS/GLOB

RELATED > China makes first soy purchase since 10 million tonne promise -traders > EXCLUSIVE-US EPA aims to curb biofuel credit speculation by blocking outsiders > Goldman Sachs (NYSE:GS) further shrinks commodities trading > EPA changed rules to help profitable refiners get biofuel waivers -lawsuit > Brazil northern port terminals could run out of soybeans by Friday -Abiove > 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 0046 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

4592 -14.00

4570

4606

146070 CHINA SOYOIL

MAY9

5726 -40.00

5714

5748

144886 CBOT SOY OIL

MAR9

29.41

+0.00

0

0

0 INDIA PALM OIL

MAR9

540.80

-7.00

540.80

549.9

581 INDIA SOYOIL

MAR9

758.8

-4.25

758.1 764.75

12250 NYMEX CRUDE

APR9

56.40

-0.26

56.34

56.51

4183

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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