Wednesday, November 18, 2015

How to trade Crude Palm Oil Futures ( FCPO ) 18 NOV 2015

#HowtotradeFCPO

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

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