Monday, November 30, 2015
Friday, November 27, 2015
Thursday, November 26, 2015
Wednesday, November 25, 2015
Tuesday, November 24, 2015
Monday, November 23, 2015
Friday, November 20, 2015
How to trade Crude Palm Oil Futures ( FCPO ) 20 NOV 2015
Palm Heads for 3rd Wkly Loss as Stronger Ringgit Hurts Sentiment
Current Prices:
-Feb Bursa CPO 2284(-15) Hi 2292 Lo 2271.
-Mar Bursa CPO 2329(-21) Hi 2342 Lo 2319.
-May Dalian CPO 4324(-2) Hi 4348 Lo 4262.
-Dec CBOT BeanOil 27.48(-0.07) Hi 27.57 Lo 27.36.
-USD/MYR 4.2670(-0.0755) Hi 4.3463 Lo 4.2555.
-USD/CNY 6.3810(-0.0018) Hi 6.3836 Lo 3.3785.
-USD/IDR 13636(-139) Hi 13755 Lo 13611.
-Charts Attached.
Palm oil for Feb. delivery on Bursa Malaysia
Derivatives drops as much as 1.2% to 2,271 ringgit/mt, lowest
for most-active contract since Oct. 27; trades at 2,284 ringgit
by midday break in Kuala Lumpur.
* Futures -0.2% this wk; +0.8% YTD
* NOTE: Oil Rally Lifts Ringgit to Asia’s Best This Week
Helped by Fed
* Ringgit’s strength against USD adding pressure to crude palm
oil, says Josephine Goh, associate director of futures and
commodities at RHB Investment Bank in Kuala Lumpur
* Malaysia’s Nov. 1-20 palm oil exports at 970,057 mt:
Intertek
* Indonesia 2015-16 Palm Exports to Fall on Biodiesel:
Oil World
* Jan. soybean oil -0.4% to 27.74c/lb on CBOT; Jan. soybeans
-0.5% to $8.55 3/4 /bu
* Soybean oil’s premium over palm at ~$78/mt vs avg of ~$98
over past yr: data compiled by Bloomberg
* Palm oil’s premium over gasoil at ~$108/mt vs avg of ~$55
over past yr: data compiled by Bloomberg
* Jan. refined palm oil on Dalian Commodity Exchange -0.3% to
4,080 yuan/mt; soybean oil +0.3% to 5,440 yuan/mt
Thursday, November 19, 2015
Wednesday, November 18, 2015
How to trade Crude Palm Oil Futures ( FCPO ) 18 NOV 2015
Palm oil for Feb. delivery on Bursa Malaysia
Derivatives little changed at 2,292 ringgit/mt by 12:15pm in
Kuala Lumpur.
* Contract w/ most vol. earlier gains as much as 0.2%,
declines as much as 0.8%; futures -0.3% Tuesday
* Jan. palm oil, contract w/ most open interest, unchanged
at 2,224 ringgit/mt
* “Investors are at the cross-roads waiting to see further
market development,” says Hiro Chai, associate director at
CIMB Futures in Kuala Lumpur. Markets weighing weakening
Malaysian ringgit, oil prices and demand, he says
* NOTE: Brent crude -2.2% on Tuesday to lowest close since
Aug. 26; prices +0.9% Wednesday
* India Boosts Palm Oil Imports to Record on Festivals,
Price
* NOTE: Malaysia’s Nov. 1-15 palm oil exports +3.9% m/m to
724,992 mt: Intertek
* Jan. soybean oil -0.4% to 27.67c/lb on CBOT; Jan. soybeans
-0.2% to $8.62 1/2/bu
* Soybean oil’s premium over palm at ~$89/mt vs avg of ~$98
over past yr: data compiled by Bloomberg
* Palm oil’s premium over gasoil at ~$99/mt vs avg of ~$54
over past yr: data compiled by Bloomberg
* Jan. refined palm oil on Dalian Commodity Exchange -0.5% to
4,144 yuan/mt; soybean oil -0.4% to 5,470 yuan/mt
Tuesday, November 17, 2015
Monday, November 16, 2015
Friday, November 13, 2015
Thursday, November 12, 2015
How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 12 NOV 2015
Zeti Says Ringgit Significantly Undervalued Amid Growth
2015-11-12 04:23:35.185 GMT
The Malaysian ringgit remains "significantly
undervalued" and risks to economic expansion are unlikely to
materialize with exports still strong, central bank Governor
Zeti Akhtar Aziz said.
The ringgit doesn’t reflect fundamentals with the nation’s
current account in surplus, unemployment at about 3 percent and
inflation within Malaysia’s long-term average, Zeti said in an
interview in Kuwait City on Wednesday. The currency may recover
when the U.S. Federal Reserve normalizes interest rates and as
"domestic issues" in Malaysia are resolved, she said.
Malaysian policy makers have been struggling to boost
confidence in its economy and finances since oil prices started
to fall last year and as allegations of financial irregularities
at a state investment company hurt sentiment. While the ringgit
recovered alongside emerging market currencies in October, it’s
still down about 20 percent this year, the worst performer in
the Asia Pacific region.
"Our export growth remains fairly strong, it has not
moderated to the extent that we expected," Zeti said. Malaysian
exports and industrial production beat economists’ estimates in
September.
On expectations of a Fed rate increase, “investors have
already anticipated this and have already priced it in, so we
have already seen, we believe, most of the outflows," she said.
Investor Withdrawal
Global funds have pulled 17.4 billion ringgit ($4 billion)
from Malaysian equities and 16.2 billion ringgit from debt in
2015. Still, sentiment may be changing with MIDF Amanah
Investment Bank saying foreign funds were net buyers of
Malaysian stocks for four of the last five weeks, while central
bank data showed global investors raised holdings of Malaysian
debt for a second month in October.
"We believe investors, after they reassess their investment
portfolios, will still gravitate toward growth areas and we are
one of those growth areas," Zeti said. “When all this is
resolved, we believe that the currency will reflect the
fundamentals," she said, citing rate differentials with the U.S.
and the perception Malaysia is primarily an oil producer -- even
as 80 percent of its economy is manufacturing- and services-
based -- among factors that are affecting the ringgit.
The central bank left rates unchanged for an eighth meeting
this month, even as Malaysia’s biggest trading partners of China
and Singapore both eased monetary policy in recent weeks. While
Zeti said officials have priced in the slowdown in China, Trade
Minister Mustapa Mohamed said last week easing growth in the
North Asian nation and the impact on orders for Malaysian goods
means the government won’t be able to meet its trade targets
this year.
Gross domestic product probably increased 4.7 percent last
quarter from a year earlier after expanding 4.9 percent in the
three months through June, according to the median estimate in a
Bloomberg News survey of economists before data due Friday. At
that rate, it would be the slowest in more than two years.
Wednesday, November 11, 2015
How to trade Crude Palm Oil Futures ( FCPO ) 11 NOV 2015
+------------------------------------------------------------------------------+
BN 11/11 04:33 *MALAYSIA OCT. PALM OIL EXPORTS 1.71M TONS; EST. 1.64M TONS
BN 11/11 04:32 *MALAYSIA OCT. PALM OIL STOCKPILES 2.83M TONS; EST. 2.72M TONS
BN 11/11 04:32 *MALAYSIA OCT. CRUDE PALM OIL OUTPUT 2.04M TONS; EST. 1.93M TONS
BN 11/11 04:30 *MPOB SAYS MALAYSIA OCT. PALM OIL EXPORTS 1.71M TONS
BN 11/11 04:30 *MPOB SAYS MALAYSIA OCT. PALM OIL STOCKS 2.83M TONS
BN 11/11 04:30 *MPOB SAYS MALAYSIA OCT. PALM OIL OUTPUT 2.04M TONS
+------------------------------------------------------------------------------+
Malaysia’s Oct. Palm Oil Stockpiles at 2.83m Tons, MPOB Says
2015-11-11 04:37:12.183 GMT
-- Palm oil stockpiles in Malaysia, world’s
second-largest producer, rose 7.3% to 2.83m metric tons in Oct.
from month earlier, Malaysian Palm Oil Board says in statement.
* Output rose 4% to 2.04m tons; exports rose 1.9% to 1.71m
tons
* NOTE: Est. according to Bloomberg survey showed inventories
at 2.72m tons, production at 1.93m tons and shipments at
1.64m tons Link
Monday, November 9, 2015
How to trade Crude Palm Oil Futures ( FCPO ) 9 NOV 2015
Palm oil for Jan. delivery on Bursa Malaysia
Derivatives climbs as much as 1.8% to 2,364 ringgit/mt, before
trading at 2,357 ringgit by 12:26pm in Kuala Lumpur.
* Futures -1.7% last wk, most since period ended Oct. 9; +3.9%
YTD
* NOTE: Malaysia crude palm oil output seen -1.5% in October
* NOTE: Malaysian ringgit -1.2%, falling for 3rd day
* “Weaker ringgit entices buying interest from importers who
pay for their shipments in U.S. dollars,” says Hiro Chai,
associate director at CIMB Futures in Kuala Lumpur. “Lower
production seen in October suggests palm is entering the
low-crop season.”
* Dec. soybean oil little changed at 28.05c/lb on CBOT; Jan.
soybeans +0.3% to $8.69 3/4/bu
* Soybean oil’s premium over palm at ~$78 mt vs avg of ~$97
over past yr: data compiled by Bloomberg
* Palm oil’s premium over gasoil at ~$84/mt vs avg of ~$51
over past yr: data compiled by Bloomberg
* Jan. refined palm oil on Dalian Commodity Exchange +0.5% at
4,278 yuan/mt; soybean oil little changed at 5,528 yuan/mt
Friday, November 6, 2015
Thursday, November 5, 2015
Wednesday, November 4, 2015
Tuesday, November 3, 2015
Monday, November 2, 2015
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