The 3 Week Diet System

Thursday, May 7, 2015

Malaysian palm oil/Vegoils: Market factors to watch Friday May 8

May 08:

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday May 8.
    
FUNDAMENTALS
* Malaysian palm oil futures fell on Thursday as comparative soy markets weakened and investors
fretted about a build-up in stocks in the world's No.2 producer, cutting short a rally that had
lifted prices up 6 percent in the past week. 
* U.S. corn and soybean futures fell on Thursday, pressured by forecasts for wet and warm
weather in the Midwest that will foster early development of both crops in the coming weeks,
traders said. 
* Oil prices tumbled 3 percent on Thursday as a resurgent dollar erased gains from the past two
sessions, setting the market up for its first weekly loss in five. 
    
MARKET NEWS
* The global bond market rout slowed on Thursday as long-term borrowing costs retreated from
their highest levels in more than five months, helping to stabilize European stocks and kindle a
mild recovery on Wall Street.    
    
RELATED
> Wilmar Q1 profit jumps on grains, oilseeds performance              
> World food prices fall to near 5-year low in April - UN FAO         
> China 2015/16 corn forecast output seen up at record, imports down  
> India's April oilmeal exports down 35 pct y/y -trade                
> Australian regulator proposes curbing grain export rules at key port 
> Argentina cuts March export taxes on biodiesel                      
                                    
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's May 1-10 palm oil exports on May 11.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-April
palm oil stocks, exports and production on May 11.
    
    
  Palm, soy and crude oil prices at 2358 GMT
                                                                    
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      MAY5       0    +0.00       0       0       0
  MY PALM OIL      JUN5       0    +0.00       0       0       0
  MY PALM OIL      JUL5       0    +0.00       0       0       0
  CHINA PALM OLEIN SEP5    5034   -82.00    5030    5098  318828
  CHINA SOYOIL     SEP5    5826   -78.00    5824    5886  365870
  CBOT SOY OIL     JUL5   32.55    +3.70    0.00    0.00       0
  INDIA PALM OIL   MAY5  447.20    +3.70  444.20  450.50    1769
  INDIA SOYOIL     JUN5  595.15    +1.95  592.30  600.70   55520
  NYMEX CRUDE      JUN5   59.01    +0.07   58.86   59.04    1535
                                                                    
  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
 - Reuters

Source: http://www.thestar.com.my/Business/Business-News/2015/05/08/Palm-oil-market-factors-to-watch-May-8/?style=biz

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