The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures came off near three-month lows to trade higher on Tuesday evening on concerns about a decline in February production, traders say. POI/
* U.S. soybean futures fell to a six-day low on Tuesday, pressured by the rapidly advancing harvest of a record crop in Brazil and much-needed rains in Argentina. GRA/
* Oil prices pared gains after the settlement Tuesday, as evidence of surging U.S. crude oil stockpiles underscored concerns that shale production might limit the effectiveness of an OPEC-led effort to cut global output. O/R
MARKET NEWS
* Asian stocks rose early on Wednesday as Wall Street set record highs overnight after Federal Reserve Chair Janet Yellen spoke in support of an interest rate hike next month, while the dollar hovered near three-week highs. MKTS/GLOB
RELATED > I.Coast exporters ask cocoa regulator to reveal scale of defaults > Money managers back away from soybeans despite rally -Braun > EU gets wake-up call as Gazprom (MCX:GAZP) eyes rival TAP pipeline > Cairn Energy emerges as frontrunner for DONG Energy's oil, gas assets > China steps up Russian oil imports as teapots buy Urals crude > Freeport cuts output at key Indonesia copper mine DATA/EVENTS > Cargo surveyor ITS releases Malaysia's Feb 1-15 palm oil export data on Feb 15. > Cargo surveyor SGS releases Malaysia's Feb 1-15 palm oil export data on Feb 15.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type MYPALM/FLAT .
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 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 0050 GMT Contract
Month
Last
Change
Low
High
Volume MY PALM OIL
FEB7
0
+0.00
0
0
0 MY PALM OIL
MAR7
0
+0.00
0
0
0 MY PALM OIL
APR7
0
+0.00
0
0
0 CHINA PALM OLEIN
MAY7
6076
-62.00
6060
6136
308736 CHINA SOYOIL
MAY7
6828
-44.00
6812
6882
203836 CBOT SOY OIL
MAR7
34.14
-6.50
0
0
0 INDIA PALM OIL
FEB7
564.50
-6.50
563.30
572.4
2112 INDIA SOYOIL
FEB7
687.6
-9.35
687.6
696.9
10860 NYMEX CRUDE
MAR7
53.07
-0.13
52.97
53.10
3056
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
-- OILS/ASIA1 Malaysian palm oil exports
-- SGSPALM1
CBOT soyoil futures
-- 0#BO:
CBOT soybean futures
-- 0#S:
Indian solvent
-- SOLVENT01 Weekly Indian vegetable oils
-- OILS/IN
Dalian Commodity Exchange
-- DC/MENU
Dalian soyoil futures
-- 0#DBY:
Dalian refined palm oil futures -- 0#DCP:
Zhengzhou rapeseed oil
-- 0#COI:
European edible oil prices/trades -- OILS/E