May 9, 2019 / 3:14 AM / in a month

VEGOILS-Palm edges lower for second straight session

    KUALA LUMPUR, May 9 (Reuters) - Malaysian palm oil futures
eased in early trade on Thursday, in line for a second day of
loss after falling about 0.2 percent in its previous trading
session.
    The benchmark palm oil contract for July delivery
on the Bursa Malaysia Derivatives Exchange was last down 0.7
percent at 2,023 ringgit ($487.59) a tonne. 
FUNDAMENTALS
* Malaysian palm oil futures fell on Wednesday, pressured by
concerns over the Sino-U.S. trade conflict, and as the ringgit
strengthened.
* Chicago corn slid 1 percent on Thursday, falling for a second
session, as forecasts for dry weather next week in parts of the
U.S. Midwest boosted hopes that farmers will be able to catch up
on planting.
* Oil prices dropped on Thursday amid concerns over the
escalating trade battle between the United States and China,
despite a surprise fall in U.S. crude stockpiles.
MARKET NEWS
* Asian shares hit six-week lows in early trade on Thursday as
increased tensions ahead of key Sino-U.S. trade negotiations
fanned fresh concerns about the outlook for the global economy.

* The dollar hovered near a six-week low versus the yen early on
Thursday, weighed against its safe-haven Japanese peer as risk
aversion gripped broader markets amid concerns that the
U.S.-China trade conflict could escalate.
* The benchmark S&P 500 fell on Wednesday for the third day in a
row as investors remained cautious about the latest developments
on U.S.-China trade talks even after hopeful comments from the
White House regarding an eventual agreement.
For more vegetable oil-related stories, please click 
    
 DATA/EVENTS (GMT)

0130    China   PPI YY                   April
0130    China   CPI YY                   April
1200    Brazil  Retail Sales YY          March
1230    US      International Trade      March
1230    US      Initial Jobless Claims   Weekly
1230    France  Reserve Assets Total     April     
                  
    Palm, soy and crude oil prices at 0240 GMT
 Contract          Month   Last  Change     Low    High  Volume
 MY PALM OIL       MAY9       0   +0.00       0       0       0
 MY PALM OIL       JUN9    1991  -14.00    1991    1996      43
 MY PALM OIL       JUL9    2023  -14.00    2021    2031    1530
 CHINA PALM OLEIN  MAY9    4150  -22.00    4144    4150     196
 CHINA SOYOIL      MAY9    5268   +6.00    5242    5400      72
 CBOT SOY OIL      MAY9   26.71   +0.00       0       0       0
 INDIA PALM OIL    MAY9    0.00   +0.00    0.00       0       0
 INDIA SOYOIL      MAY9   738.1   +2.25  733.55  740.85    8570
 NYMEX CRUDE       JUN9   61.48   -0.64   61.48   62.10   37003
  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, 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 --


($1 = 4.1490 ringgit)
($1 = 69.7110 Indian rupees)
($1 = 6.7946 Chinese yuan)
    

 (Reporting by Emily Chow; editing by Uttaresh.V)
  
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