April 30, 2019 / 3:11 AM / 6 months ago

VEGOILS-Palm oil edges higher at opening trade

    KUALA LUMPUR, April 30 (Reuters) - Malaysian palm oil futures slightly rose
at its opening trade on Tuesday, after three previous sessions of losses. The
benchmark palm oil contract for July delivery on the Bursa Malaysia
Derivatives Exchange was last up 0.1 percent at 2,111 ringgit ($510.64) a tonne.
FUNDAMENTALS
* Malaysian palm oil futures extended their decline on Monday to their lowest
since April 1. The benchmark palm oil contract for July delivery on
the Bursa Malaysia Derivatives Exchange was last down 0.1 percent at 2,115
ringgit ($511.98) a tonne.
* U.S. wheat futures edged down on Tuesday to hit a six-week low as the U.S.
Department of Agriculture said the condition of the winter crop was ahead of
market forecasts.
* Oil prices dipped on Tuesday on expectations rising output from the United
States and producer club OPEC would offset most of the shortfall expected from
U.S. sanctions on Iran, but analysts said markets remained tight.
MARKET NEWS
* Shares in Asia fell on Tuesday as readings on China's manufacturing activity
failed to meet expectations, underscoring weakness in the world's second-largest
economy despite Beijing's attempts to spur growth.
* The Australian dollar led risk assets lower in Asia on Tuesday after a survey
on Chinese manufacturing missed forecasts in a blow to hopes for a rebound in
global growth.
* The S&P 500 hit an intraday record high on Monday, bolstering the view that
the decade-long bull market has further to run, after consumer spending rose in
March and inflation data was benign.
For more vegetable oil related stories, please click 
    
DATA/EVENTS (GMT)

0100   China   NBS Manufacturing PMI   April
0530   France  GDP Preliminary QQ      Q1
0645   France  CPI (EU Norm) Prelim YY April
0755   Germany Unemployment Chg SA     April
0755   Germany Unemployment Rate SA    April
0900   EU      GDP Flash Prelim YY QQ  Q1
0900   EU      Unemployment Rate       March
1200   Germany CPI Prelim YY           April
1200   Germany HICP Prelim YY          April
1400   US      Consumer Confidence     April

* U.S. Federal Reserve's Federal Open Market Committee to commence its two-day
meeting on interest rates    
* Cargo surveyors Intertek Testing Services, AmSpec Agri Malaysia and Societe
Generale de Surveillance to release Malaysia's April 1-30 palm export data    
        
     Palm, soy and crude oil prices at 0255 GMT
 Contract          Month   Last   Change    Low    High  Volume
 MY PALM OIL       MAY9       0    +0.00      0       0       0
 MY PALM OIL       JUN9    2088    +8.00   2085    2089      93
 MY PALM OIL       JUL9    2116    +8.00   2113    2124     953
 CHINA PALM OLEIN  MAY9    4234    -4.00   4220    4260   10684
 CHINA SOYOIL      MAY9    5200   +16.00   5162    5206    9882
 CBOT SOY OIL      MAY9   27.85    -0.03  27.83   27.88     189
 INDIA PALM OIL    APR9    0.00    +0.00   0.00       0       0
 INDIA SOYOIL      MAY9     739    -6.10  738.6  746.25   10880
 NYMEX CRUDE       JUN9   63.42    -0.08  63.30   63.64   20701
  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 = 4.1340 ringgit)
($1 = 69.8190 Indian rupees)
($1 = 6.7374 Chinese yuan)
    

 (Reporting by Emily Chow; Editing by Rashmi Aich)
  
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