VEGOILS-Market factors to watch April 25
KUALA LUMPUR, April 25 (Reuters) - The following factors are likely to
influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures recouped earlier losses to close flat at the end of
the trading day on Wednesday, helped by gains in the U.S. soyoil and on
prospects of improving export demand.
* U.S. corn futures fell to their lowest level in seven months on Wednesday and
spot soybean futures hit a 5-1/2-month low on ample global supplies and dimming
prospects for U.S. export business, analysts said.
* Oil prices hovered near six-month highs on Wednesday after data showed U.S.
crude stockpiles surged to their highest levels since October 2017, countering
fears of tight supply resulting from OPEC output cuts and U.S. sanctions on
Venezuela and Iran.
MARKET NEWS
* The euro fell against the U.S. dollar on Wednesday after data showed a
surprise deterioration in German business morale, raising fears of slowing
global growth and weighing on a gauge of world equity markets, including Wall
Street.
RELATED
> Argentina touts its soymeal in China, seeking import approval
> Good weather puts Russia, Ukraine on track for large grain crop
> Canadian farmers to reduce canola plantings by 7% amid China dispute
> U.S. oil exports to Asia to slow as Gulf Coast grades rise -traders
DATA/EVENTS
> Cargo surveyor AmSpec releases Malaysia's Apr 1-25 palm oil export data on Apr
25.
> Cargo surveyor SGS releases Malaysia's Apr 1-25 palm oil export data on Apr
25.
> Cargo surveyor ITS releases Malaysia's Apr 1-25 palm oil export data on Apr
25.
Palm, soy and crude oil prices at 0039 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAY9 0 +0.00 0 0 0
MY PALM OIL JUN9 0 +0.00 0 0 0
MY PALM OIL JUL9 0 +0.00 0 0 0
CHINA PALM OLEIN MAY9 4320 -6.00 4316 4338 9524
CHINA SOYOIL MAY9 5290 +4.00 5274 5294 14136
CBOT SOY OIL MAY9 27.95 +0.03 27.9 27.98 571
INDIA PALM OIL APR9 537.50 -1.30 534.00 541 425
INDIA SOYOIL MAY9 738.1 -0.75 734.15 740.85 24180
NYMEX CRUDE JUN9 65.58 -0.31 65.54 65.82 7480
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
* For a table on Malaysian physical palm oil prices, including refined oil,
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* To view freight rates from Peninsula Malaysia/Sumatra to China, India,
Pakistan and Rotterdam, please key in and press enter, or double
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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 Kuala Lumpur newsroom)