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VEGOILS-Market factors to watch Feb 14

CommoditiesFeb 14, 2019 06:20
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VEGOILS-Market factors to watch Feb 14

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

FUNDAMENTALS

* Malaysian palm oil futures closed lower on Wednesday for a fourth consecutive session on back of weaker U.S. soyoil, reversing gains notched up earlier in the day. POI/

* U.S. wheat futures advanced on Wednesday for a fourth straight session as a pickup in export activity and firm cash markets spurred commodity fund buying, traders said. GRA/

* Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S. crude inventories limited the day's gains. O/R

MARKET NEWS

* Asian stock markets started in a cautious mood on Thursday as investors hoped for progress in the latest Sino-U.S. tariff talks while bracing for China trade data that are expected to show further falls in both exports and imports. MKTS/GLOB

RELATED > NOPA January U.S. soy crush seen at 169.575 mln bushels -survey > Trump says trade negotiations with China going very well > White House: Trump weighing possibilities on China trade deadline > Indonesia defends palm oil after EU targets 2030 phase-out in road fuel > COLUMN-Funds surprisingly lukewarm toward CBOT corn futures -Braun > Cargo surveyor AmSpec releases Malaysia's Feb 1-15 palm oil export data on Feb 15. > Cargo surveyor SGS releases Malaysia's Feb 1-15 palm oil export data on Feb 15. > Cargo surveyor ITS releases Malaysia's Feb 1-15 palm oil export data on Feb 15.

Palm, soy and crude oil prices at 0045 GMT Contract

Month

Last Change

Low

High Volume MY PALM OIL

FEB9

0

+0.00

0

0

0 MY PALM OIL

MAR9

0

+0.00

0

0

0 MY PALM OIL

APR9

0

+0.00

0

0

0 CHINA PALM OLEIN MAY9

4768

-6.00

4754

4778 137088 CHINA SOYOIL

MAY9

5696 -16.00

5668

5702 159826 CBOT SOY OIL

MAR9

29.99

+0.00

0

0

0 INDIA PALM OIL

FEB9

557.60

-4.30 556.90

562.5

776 INDIA SOYOIL

FEB9

773.95

+0.30 772.65

775.5

2000 NYMEX CRUDE

MAR9

53.97

+0.07

53.90

54.09

4047 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

VEGOILS-Market factors to watch Feb 14
 

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