Friday, February 5, 2016

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 5 FEB 2016

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How to trade Crude Palm Oil Futures ( FCPO ) 5 FEB 2016

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(Feb 5): Malaysian palm oil futures hit their highest level in nearly 21 months on Friday and posted their biggest weekly jump in over four months on short-covering ahead of a long weekend and concerns over declining production.
The palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange closed 1.7% higher at RM2,575 (US$619.74) per tonne, after rising as much as 2.9% to RM2,604, its highest level since May 16, 2014, earlier in the session.
Palm posted a weekly gain of 5.4%, its biggest since the week ended Sept 25, 2015.
Traded volume stood at 56,077 lots of 25 tonnes each.
"There was massive covering of both buy and sell towards the end," said a trader with a brokerage firm in Kuala Lumpur, referring to short-covering before the four-day weekend.
Markets will be closed on Feb 8 and 9 for the Lunar New Year holidays.
"The prevailing worry is that production this month is expected to be lower given the lesser number of working days. End-stocks of around 2.1 million tonnes are low enough for prices to further rally," said the trader.
Malaysian inventories in January are forecast to have declined 9.3% on month to 2.39 million tonnes, according to aReuters poll.
Production is also expected to have declined 14% to 1.2 million tonnes, in line with seasonal trend and as the dry weather impact from the El Nino weather event kicks in this year.
The Malaysian Palm Oil Board (MPOB) is due to release January data on Feb 10.
In competing vegetable oil markets, the US March soyoil contract gained 0.9%, while the May soybean oil contract on the Dalian Commodity Exchange rose 1.2%.
Palm, soy and crude oil prices at 1026 GMT
Contract       Month   Last  Change    Low   High Volume
MY PALM OIL     FEB6   2520  +67.00   2478   2520    403
MY PALM OIL     MAR6   2516  +25.00   2493   2547   3017
MY PALM OIL     APR6   2575  +44.00   2534   2604  28459
CHINA PALM OLEINMAY6   4834  +46.00   4774   4848 488836
CHINA SOYOIL    MAY6   5736  +70.00   5666   5750 408818
CBOT SOY OIL    MAR6  31.51   +3.00  31.31  31.60   5691
INDIA PALM OIL  FEB6 463.30   +3.00 461.10 466.00   2423
INDIA SOYOIL    FEB6 620.25   +1.30 618.50 621.60  22060
NYMEX CRUDE     MAR6  32.11   +0.39  31.37  32.36  52950
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US 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 US dollars per barrel
(US$1 = RM4.1550)
(US$1 = 67.6600 Indian rupees)
(US$1 = 6.5722 Chinese yuan)

Thursday, February 4, 2016

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 4 FEB 2016

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How to trade Crude Palm Oil Futures ( FCPO ) 4 FEB 2016

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(Feb 4): Malaysian palm oil futures ended lower on Thursday and snapped two sessions of gains after hitting a 20-month high earlier in the session, on the back of a stronger ringgit and weaker export demand.
The palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose as much as 0.82% to RM2,568 a tonne, its highest since May 19, 2014, before settling down 0.6% at RM2,531 (US$610.62) per tonne.  
Traded volume stood at 48,968 lots of 25 tonnes each.
"The ringgit is firmer, and there are expectations of a bumper crop in Brazil," said a trader from Kuala Lumpur, referring to soybean output in the South American country.
An oversupply of soybeans from South America would send soyoil prices lower, narrowing its spread with palm oil. A discount would help soyoil grab market share from palm oil in top consumers China and India, who favour importing soybeans to crush for domestic consumption.
Exports of palm oil products have been falling, with cargo surveyor data showing an almost 10% drop in January shipments from Malaysia compared with the previous month.
The ringgit rebounded 1.8% to 4.1450 against the dollar. A stronger ringgit makes palm oil costlier for holders of foreign currencies.
In competing vegetable oil markets, the US March soyoil contract gained 0.6%, while the May soybean oil contract on the Dalian Commodity Exchange rose 0.9%.
Palm, soy and crude oil prices at 1015 GMT
Contract       Month   Last  Change    Low   High Volume
MY PALM OIL     FEB6      2455   +1.00   2449   2485    365
MY PALM OIL     MAR6   2490  -15.00   2478   2525   2366
MY PALM OIL     APR6   2531  -16.00   2517   2568  26325
CHINA PALM OLEINMAY6   4792  +30.00   4764   4814 554480
CHINA SOYOIL    MAY6   5682  +48.00   5626   5692 377912
CBOT SOY OIL    MAR6  31.15   +1.10  30.90  31.28   6824
INDIA PALM OIL  FEB6 460.20   +1.10 457.00 468.90   2628
INDIA SOYOIL    FEB6 618.60   -0.75 616.40 621.50  27790
NYMEX CRUDE     MAR6  32.52   +0.24  32.30  32.96  64761

Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US 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 US dollars per barrel
(US$1 = RM4.1450)
(US$1 = 67.6700 Indian rupees)
(US$1 = 6.5766 Chinese yuan)

Wednesday, February 3, 2016

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 3 FEB 2016

#HowtotradeFKLI

How to trade Crude Palm Oil Futures ( FCPO ) 3 FEB 2016

#HowtotradeFCPO

(Feb 3): Malaysian palm oil futures rose for a second trading day to reach a new 20-month high on Wednesday as traders forecast lower palm oil output in February due to the Lunar New Year public holidays.
The palm oil contract for April on the Bursa Malaysia Derivatives Exchange had gained 1.3% to RM2,547 (US$603.70) per tonne at the end of Wednesday. It earlier reached an intraday high of RM2,551, its strongest level since May 19, 2014.
Traded volume stood at 60,141 lots of 25 tonnes each.
"Production was down last month and this month is expected to be down again," said a trader from a palm oil brokerage in Kuala Lumpur.
"There is Chinese New Year, so there are fewer harvesting days, coupled with other public holidays plus fewer calendar days in February."
Palm oil output in top producers Malaysia and Indonesia is seeing a decline in line with the seasonal trend, and as the dry weather impact from the El Nino last year kicks in.
A weaker ringgit on Wednesday could have also lent support to palm, as this makes the vegetable oil cheaper for holders of foreign currencies.
The ringgit, the currency palm is traded in, lost 0.3% to reach 4.2190 per dollar on Wednesday as investors weigh in concerns over falling oil prices and allegations surrounding Malaysia's debt-laden state fund 1Malaysia Development Bhd (1MDB).
In competing vegetable oil markets, the US March soyoil contract gained 0.6%, while the May soybean oil contract on the Dalian Commodity Exchange rose 0.3%.
Palm, soy and crude oil prices at 1013 GMT
Contract       Month   Last  Change    Low   High Volume
MY PALM OIL     FEB6   2455  +23.00   2438   2459    427
MY PALM OIL     MAR6   2506  +23.00   2474   2508   4414
MY PALM OIL     APR6   2547  +32.00   2507   2551  28753
CHINA PALM OLEINMAY6   4768  +30.00   4738   4784 700608
CHINA SOYOIL    MAY6   5642  +18.00   5608   5662 337542
CBOT SOY OIL    MAR6  30.98   +2.80  30.70  30.99   4169
INDIA PALM OIL  FEB6 456.40   +2.80 454.50 456.90    937
INDIA SOYOIL    FEB6 618.80   -0.75 617.50 621.70  23970
NYMEX CRUDE     MAR6  30.31   +0.43  29.40  30.60  66052
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US 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 US dollars per barrel
(US$1 = RM4.2190)
(US$1 = 68.1500 Indian rupees)
(US$1 = 6.5770 Chinese yuan)