The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures fell from a near three-week high reached earlier on Wednesday,
coming under pressure from weakness in other oils.
* U.S. corn and soybean futures rallied on Wednesday, peaking late in the session as export
hopes for U.S. supplies brightened amid heightened concerns about South American crops, traders
said.
* Oil settled down on Wednesday on technical resistance at around the $ 50 a barrel mark, with
the market retracing most earlier declines after OPEC sources said the group will likely
consider a production curb at its forthcoming meeting.
MARKET NEWS
* U.S. stock prices rose slightly on Wednesday helped by a late recovery in oil prices and an
encouraging economic report from the Federal Reserve, but equity prices in other major world
markets fell on worrisome Chinese and European factory data.
RELATED
> Talks ongoing in Monsanto, Argentina gov’t GMO soy dispute
> Canadian province Saskatchewan sees C$ 434 mln deficit in 2016-17
> USDA says corn use in ethanol down from last year in April
> Ukraine 2016 sunflower area expands by 15 pct -ministry
> China auctions 111,467 tonnes of rapeseed oil from reserves – trade center
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s June 1-10 palm oil export data on June 10.
> Cargo surveyor SGS releases Malaysia’s June 1-10 palm oil export data on June 10.
* 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 0048 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
MY PALM OIL AUG6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5296 +40.00 5170 5306 431946
CHINA SOYOIL SEP6 5988 +64.00 5866 5998 297632
CBOT SOY OIL JUL6 32.23 -1.10 32.14 32.26 595
INDIA PALM OIL JUN6 531.00 -1.10 526.20 532.4 1343
INDIA SOYOIL JUN6 650 +0.75 642.6 650 36310
NYMEX CRUDE JUL6 48.76 -0.25 48.75 48.97 4699
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 Joseph Sipalan)
