VEGOILS-Market factors to watch Feb 20
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures reversed earlier gains to fall over 1 percent in
evening trade on Tuesday, as output declines remained slower than in previous
years and stocks in key buying markets stayed high.
* Chicago Board of Trade grain and soybean futures all soured on Tuesday as U.S.
wheat sellers failed to nab any export sales and traders waited impatiently for
news on the latest of talks on the U.S.-China trade war.
* Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply
cuts and U.S. sanctions on Iran and Venezuela, but capped by soaring U.S.
production and expectations of an economic slowdown.
MARKET NEWS
* Gold prices rose to a 10-month high on Tuesday as concerns over a global
economic slowdown spurred a safe-haven bid and were also supported by a weaker
U.S. dollar, which fell on optimism for a breakthrough in U.S.-China trade
talks.
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> Vietnam confirms first African swine fever cases on three farms
> Global dairy prices rise for sixth time in a row, pointing to ongoing recovery
> China to expand agriculture reforms to bolster rural economy
DATA/EVENTS
> Cargo surveyor AmSpec releases Malaysia's Feb 1-20 palm oil export data on Feb
20.
> Cargo surveyor SGS releases Malaysia's Feb 1-20 palm oil export data on Feb
20.
> Cargo surveyor ITS releases Malaysia's Feb 1-20 palm oil export data on Feb
20.
Palm, soy and crude oil prices at 0052 GMT
Contract Month Last Change Low High Volume
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 4772 -48.00 4762 4800 257802
CHINA SOYOIL MAY9 5732 -28.00 5722 5772 150620
CBOT SOY OIL MAR9 29.74 +0.00 0 0 0
INDIA PALM OIL FEB9 567.40 +0.00 566.10 574.1 846
INDIA SOYOIL FEB9 783.2 +0.40 782.6 784 1980
NYMEX CRUDE MAR9 55.93 -0.16 55.90 56.04 40
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.
* 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.
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)
