KUALA LUMPUR, March 24 (Reuters) - The following factors are
likely to influence Malaysian palm oil futures on Monday.
CBOT SOYBEANS
Chicago Board of Trade soybeans, corn and wheat futures rose
in early Asian trade on Monday, bouncing back on bargain hunting
after a sell-off in Chicago on Thursday. [ID:nT328119]
May soyoil <BOK8> was up 1.3 percent to 55.10 cents per lb.
CRUDE OIL
Oil fell by $1.50 to near the $100 a barrel mark on Monday,
extending last week's deep losses as funds sought to lock in
first-quarter profits and Saudi Arabia reassured consumers of its
plans to boost supply. [ID:nSP13419]
MALAYSIA PALM OIL EXPORTS
Exports of Malaysian palm oil products for March 1-20 rose
8.5 percent to 826,713 tonnes from 762,273 tonnes shipped between
February 1 and 20, cargo surveyor Intertek Testing Services said.
[ID:KLR110056]
Another cargo surveyor, Societe Generale de Surveillance,
said exports rose 8.9 percent to 824,563 tonnes. [ID:KLR113120]
PALM OIL MARKET
Malaysian crude palm oil futures ended firm on Friday,
erasing losses made earlier in the session and supported by
India's move to cut duties on vegetable oil imports, traders
said.
The benchmark June contract on the Bursa Malaysia Derivatives
Exchange ended unchanged at 3,330 ringgit ($1,048) after falling
as much as 4 percent, or 133 ringgit to 3,197 ringgit in early
trade. [ID:nKLR227663]
INDIA DUTY CUTS
India, the world's biggest vegetable oil buyer after China,
cut import duties on Thursday on some edible oils, including
crude palm, to improve supplies and ease prices as inflation hit
a 10-month high. [ID:nDEL267220]
Soy and crude oil prices at 0155 GMT
Contract Last Net chg Settle Open High Low Volume
CBOT soyoil* 54.95 + 0.55 54.40 N/A 55.28 54.11 N/A
NYMEX crude**100.55 -1.29 101.84 N/A101.70100.20 N/A
* Soy oil in U.S. cents per pound
** Crude in USD per barrel
(Reporting by Naveen Thukral; Editing by Michael Urquhart)
(([email protected]; +603-2333-8035; Reuters messaging:
[email protected]; [email protected]))
* For a table on Malaysian physical palm oil prices, including
refined oil, Reuters Terminal users can double click on
<OILS/MY01> or type OILS/MY01 and press "enter".
* To view freight rates from Peninsula Malaysia/Sumatra to
China, India, Pakistan and Rotterdam, please key in <OILS/ASIA1>
and <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 -- <OILS/MY01><0#PALMOIL-AS>
Malaysian palm kernel oil -- <OILS/ASIA1><0#PALKOIL-AS>
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#CRO:>
Singapore JADE palm oil -- <0#PO:>
Kuala Lumpur palm oil futures -- <0#KPO:>
European edible oil prices/trades -- [OILS/E]
Keywords: MARKETS PALM/PREOPENER