April 29, 2019 / 3:39 AM / 2 months ago

VEGOILS-Palm oil falls further, hits near 1-month low

    KUALA LUMPUR, April 29 (Reuters) - Malaysian palm oil futures extended their
decline on Monday to their lowest since Apr. 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. 
FUNDAMENTALS
* Malaysian palm oil futures fell more than 2 percent during their second half
of trade on Friday to their lowest in nearly a month, weighed down by weaker
related edible oils.
* U.S. corn futures added nearly 1 percent on Monday to rise for a fourth
session in a row as adverse weather threatened to further slow planting, pushing
prices to a one-week high.
* Oil prices fell on Monday, extending a slump from Friday that ended weeks of
rallying, after President Donald Trump demanded that producer club OPEC raise
output to soften the impact of U.S. sanctions against Iran.
MARKET NEWS
* Asian stock markets edged up on Monday after surprising strong U.S.
first-quarter economic growth boosted the S&P 500 index to a record high, but
gains were capped by caution over less upbeat aspects in the GDP report which
pointed to some weakening ahead.
* Calm settled over Asian currency markets on Monday as Japan kicked off a week
of holidays, giving investors an extra excuse to sit on their hands ahead of a
Federal Reserve policy meeting and U.S. jobs numbers.
* A surprisingly strong report card on the U.S. economy helped power the
benchmark S&P 500 and Nasdaq Composite indexes to record high closes on Friday,
capping a week of gains for stocks that came largely on the back of resilient
corporate profits.
For more vegetable oil related stories, please click 
    
DATA/EVENTS (GMT)

0900    Euro Zone   Consumer Confid. Final     April
1100    Brazil      IGP-M Inflation Index      April
1230    USA         Consumption, Adjusted      March
    
     Palm, soy and crude oil prices at 0305 GMT
 Contract         Month    Last    Change      Low    High   Volume
 MY PALM OIL      MAY9     2012     -1.00     2007    2012      247
 MY PALM OIL      JUN9     2085     -9.00     2085    2092       83
 MY PALM OIL      JUL9     2112     -6.00     2110    2119      935
 CHINA PALM       MAY9     4234    -26.00     4222    4244     7572
 OLEIN                                                      
 CHINA SOYOIL     MAY9     5180    -30.00     5176    5200    16872
 CBOT SOY OIL     MAY9    27.54     +0.02    27.46   27.58      406
 INDIA PALM OIL   APR9   533.30     -5.30   533.30   536.8      689
 INDIA SOYOIL     MAY9      739     -6.10    738.6  746.25    10880
 NYMEX CRUDE      JUN9    62.97     -0.33    62.79   63.11    29118
 
  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 = 4.1310 ringgit)
($1 = 69.8400 Indian rupees)
($1 = 6.7321 Chinese yuan)
    

 (Reporting by Liz Lee; Editing by Shreejay Sinha)
  
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