The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Tuesday, recording a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils. POI/
* U.S. soybean futures fell on Tuesday for the second day in a row, hitting a one-week low as traders locked in profits from last week's rally. GRA/
* Oil prices fell on Tuesday, then slid more in post-settlement trade after an industry group reported that U.S. crude stockpiles fell less than expected in the latest week while gasoline stockpiles grew unseasonably. O/R
MARKET NEWS
* Sterling stole the show in Asia on Wednesday amid speculation Britain's surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European Union. MKTS/GLOB
RELATED > Trump vows to back U.S. dairy farmers in Canada trade spat > Farm loan write-offs win votes in India, but may hurt economy > Rebalancing oil market will take more time, says UAE > Freeport Indonesia has initial approval to resume copper exports -spokesman > India's 2017 monsoon rains seen at average levels -weather office > Cargo surveyor ITS releases Malaysia's Apr 1-20 palm oil export data on Apr 20. > Cargo surveyor SGS releases Malaysia's Apr 1-20 palm oil export data on Apr 20.
* 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.
Palm, soy and crude oil prices at 0059 GMT Contract
Month
Last
Change
Low
High
Volume MY PALM OIL
MAY7
0
+0.00
0
0
0 MY PALM OIL
JUN7
0
+0.00
0
0
0 MY PALM OIL
JUL7
0
+0.00
0
0
0 CHINA PALM OLEIN
SEP7
5120
-90.00
5110
5162
246670 CHINA SOYOIL
SEP7
5818 -134.00
5806
5894
370382 CBOT SOY OIL
MAY7
31.15
-5.30
31.13
31.3
2319 INDIA PALM OIL
APR7
509.00
-5.30
506.60
512
1457 INDIA SOYOIL
APR7
630
-4.90
629
635.5
3520 NYMEX CRUDE
MAY7
52.37
-0.04
52.29
52.42
1075
Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in U.S. cents per pound Dalian soy oil and RBD palm olein in Chinese yuan per tonne India soy oil in Indian rupee per 10 kg Crude in U.S. dollars per barrel
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