VEGOILS-Market factors to watch Feb 27
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures hit a two-week high on Monday evening, recording a second straight
session of gains, as rising demand for palm and gains in rival oilseeds supported the market.
* U.S. soybean futures eased on Monday for the first time in five sessions as profit-taking
undercut earlier support stemming from weather forecasts suggesting little rain in drought-hit
Argentina, the world's third-largest exporter.
* U.S. oil prices rose for a fourth session on Tuesday to near a three-week high hit a day
earlier, supported by signs of robust production curbs by OPEC and non-OPEC countries and a
slight fall in U.S. production.
MARKET NEWS
* Global equities rose on Monday, with Wall Street surging more than 1 percent, while the dollar
was little changed as investors bet the new head of the Federal Reserve will steer a steady
course on policy when he addresses U.S. lawmakers this week.
RELATED
> New Singapore bourse APEX to launch palm olein contract in second quarter
> Indonesia's Jan crude palm oil output forecast to rise -Reuters survey
> Japanese firms in consortium to bring LNG to Australia's east coast
> EXCLUSIVE-US investors seek to acquire Russia's Rosneft lien in Citgo
> Asian jet fuel differentials, at 10-year high, to stay supported on supply limits
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Feb 1-28 palm oil export data on Feb 28.
> Cargo surveyor SGS releases Malaysia's Feb 1-28 palm oil export data on Feb 28.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal
users can double click on or type.
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and
Rotterdam, please key in 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 0053 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAR8 0 +0.00 0 0 0
MY PALM OIL APR8 0 +0.00 0 0 0
MY PALM OIL MAY8 0 +0.00 0 0 0
CHINA PALM OLEIN MAY8 5288 +24.00 5276 5300 90174
CHINA SOYOIL MAY8 5782 +18.00 5764 5794 102282
CBOT SOY OIL MAY8 32.86 +0.00 0 0 0
INDIA PALM OIL FEB8 585.00 +1.30 582.50 586.3 964
INDIA SOYOIL MAR8 752.55 -1.20 750.7 756 15170
NYMEX CRUDE APR8 64.04 +0.13 63.95 64.08 3894
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 --
Malaysian palm oil exports --
CBOT soyoil futures --
CBOT soybean futures --
Indian solvent --
Weekly Indian vegetable oils --
Dalian Commodity Exchange --
Dalian soyoil futures --
Dalian refined palm oil futures --
Zhengzhou rapeseed oil --
European edible oil prices/trades --
(Reporting by KL newsroom)