Breaking News
0

VEGOILS-Market factors to watch March 13

CommoditiesMar 13, 2019 06:20
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
VEGOILS-Market factors to watch March 13

KUALA LUMPUR, March 13 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures dipped again on Tuesday, losing earlier gains made on rising crude oil prices. POI/

* U.S. wheat futures jumped 5.5 percent on Tuesday, rebounding from contract lows on a round of technical buying and bargain hunting in an oversold market, traders said. GRA/

* Oil prices edged higher on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while the U.S. government reduced its forecast for domestic crude output growth. O/R

MARKET NEWS

* A gauge of world equity markets rose and the dollar eased on Tuesday after a tame reading on U.S. inflation reinforced expectations the Federal Reserve will not raise interest rates anytime soon, while Boeing (NYSE:BA) shares slid for a second day. MKTS/GLOB

RELATED > CERAWEEK-Pompeo calls on oil industry to support U.S. foreign policy agenda > Trafigura shipping about 1 mln barrels of Asian gasoline, blendstocks to S.America > EIA cuts forecast for 2019 U.S. crude output growth > Spread betting: Metal speculators see China tax cuts kicking in from May > Trump's EPA unveils plan to pump up ethanol as Big Oil cries foul 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 0037 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

4598 +8.00

4582

4604

119052 CHINA SOYOIL

MAY9

5702 -4.00

5674

5708

103626 CBOT SOY OIL

MAR9

29.78 +0.00

0

0

0 INDIA PALM OIL

MAR9 530.80 +0.50 529.10 536.7

1287 INDIA SOYOIL

MAR9 762.45 +3.60

759.7

766

9460 NYMEX CRUDE

APR9

57.19 +0.32

57.07 57.23

5487

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 March 13
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email