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VEGOILS-Market factors to watch March 14

CommoditiesMar 14, 2019 06:20
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VEGOILS-Market factors to watch March 14

KUALA LUMPUR, March 14 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures slid for a sixth consecutive session on Wednesday to their lowest in three months on pressure from expectations of lower demand in top importer India and rising domestic production. POI/

* U.S. wheat futures eased 1.2 percent on Wednesday, setting back on a mild round of profit taking after prices posted their biggest rally since last summer on Tuesday. GRA/

* Oil futures rallied about 2 percent on Wednesday as U.S. crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world's top producer was revised lower. O/R

MARKET NEWS

* World equity markets advanced broadly on Wednesday after U.S. data again showed risk-friendly low inflation, which weakened the dollar, while Boeing (NYSE:BA) shares gained even as the United States said it would ground the company's 737 MAX aircraft. MKTS/GLOB

RELATED > U.S. aims to cut Iran oil exports to under 1 mln bpd from May -sources > U.S. crude stockpiles drop unexpectedly last week -EIA > EXCLUSIVE-CERAWEEK-Exxon eyes Israel gas bid in major Middle East shift > China becomes world's biggest importer of rare earths - analysts > Venezuela's Jose oil terminal resumes shipments after blackout -sources, data 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 0042 GMT Contract

Month Last Chang

Low

High Volume

e

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

4516 -50.0

4496

4524 197152

0

CHINA SOYOIL

MAY9

5642 -32.0

5616

5646 148934

0

CBOT SOY OIL

MAR9 29.69 +0.00

0

0

0 INDIA PALM OIL

MAR9 527.6 -4.00 526.90 531.4

1069

0

INDIA SOYOIL

MAR9 766.8 +3.45 762.25 766.8

5490 NYMEX CRUDE

APR9 58.27 +0.01

58.27 58.39

4339

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 14
 

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