How to trade Crude Palm Oil Futures ( FCPO ) 27122016

#palmoil
#fcpo

Palm oil for March delivery rises as much as 2.3% to 3,129 ringgit/ton on Bursa Malaysia Derivatives, highest for most-active contract since Dec. 21.

• Futures +2.1% to 3,123 ringgit/ton by midday break in Kuala Lumpur; +26% YTD
• Production in Malaysia this month likely lower than expected as trees taking longer-than-predicted to recover from drought, says Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental
  • Inventory is expected to be tight: Thiagarajan
• Soybean oil for March delivery on Chicago Board of Trade +0.7% to 35.13c/lb; March soybeans +0.5% to $10.02 1/2/bu
• Malaysia’s Dec. 1-25 palm oil exports -5.6% m/m: Intertek
  • Compares with -14% m/m in Dec. 1-20 period
• “The latest export data shows there has been some buying, which is supporting palm oil,” Thiagarajan says
• Soybean oil’s premium over palm oil at ~$77/ton vs avg ~$93 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$205/ton vs avg ~$232 over past year: data compiled by Bloomberg
• May refined palm oil on Dalian Commodity Exchange +1.7% to 6,220 yuan/ton; May soybean oil +1.5% to 6,970 yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 27122016

#fkli
#klci

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives were mostly lower at mid-day today on a lack of catalysts.

At lunch break, December 2016 rose 1.5 points to 1,613.50, while January 2017 declined 1.0 point to 1,618.0 and June 2017 fell 2.5 points to 1,618.0.

Turnover stood at 14,451 lots, with open interest totalling 48,165 contracts.

The underlying benchmark FBM KLCI stood at 1,618.26, up 1.11 points at lunch

How to trade Crude Palm Oil Futures ( FCPO ) 23122016

#fcpo
#palmoil

Palm oil for March delivery drops as much as 2.1% to 3,013 ringgit/ton on Bursa Malaysia Derivatives, lowest intraday level for most-active contract since Nov. 25.

• Futures at 3,045 ringgit by 4:13pm in Kuala Lumpur
  • Palm oil -3.7% this week, heads for biggest weekly decline since July; +23% YTD
• Palm oil tracking losses in soybean oil and Dalian markets, according to Josephine Goh, associate director of futures and commodities at RHB Investment Bank
• Weak Malaysian ringgit providing cushion, prices are “trying to defend” 3,000 ringgit level: Goh
• NOTE: Malaysian ringgit -0.1% Friday
• Soybean oil for March delivery on Chicago Board of Trade +0.1% to 35.14c/lb, -3.4% Thursday; March soybeans little changed at $10.04 1/4/bu, -1.3% Thursday
• Malaysia Dec. 1-20 palm oil output -11.6% m/m, according to estimates from growers’ group Malaysian Palm Oil Association
  • Output in Peninsular Malaysia -12.5% m/m; Sabah -12% m/m, Sarawak +3% m/m
• Soybean oil’s premium over palm oil at ~$94/ton vs avg ~$93 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$195/ton vs avg ~$232 over past year: data compiled by Bloomberg
• May refined palm oil on Dalian Commodity Exchange closes -1.4% at 6,082 yuan/ton; May soybean oil -1.3% to 6,890 yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 23122016

#fkli
#klci

At 4.00 p.m. today, there were 184 gainers, 470 losers and 357 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,618.67 down 4.53 points, the FBMACE was at 4,727.07 down 10.83 points, and the FBMEmas was at 11,325.42 down 39.60 points.

Turnover was at 767.105 million shares valued at RM746.199 million.

How to trade Crude Palm Oil Futures ( FCPO ) 22122016

#fcpo
#palmoil

Soybean futures for March delivery add 0.4% to $10.19 3/4 a bushel on Chicago Board of Trade after Tuesday touching $10.14 1/4, lowest for the contract since Nov. 21.

• NOTE: U.S. exporters report sales of 132,000 tons sold to China for delivery by Aug. 31, USDA says in statement Wednesday
• NOTE: Soybeans sold for export in week ended Dec. 8 increased 37% from week earlier to 2.008m tons: USDA
• Total sales committed for delivery by Aug. 31 are a record for the date and 26% higher than a year ago, USDA data show
• “Export business has been far better than anyone expected, and we should see another strong week of sales in Thursday’s weekly USDA report,” Mark Schultz, chief analyst for Northstar Commodity Investment Co. in Minneapolis, says in a phone interview
• “Gains limited by forecasts for rain to aid crops in South America”
• NOTE: Argentina Rain to Boost Corn, Soybean Development
• Soybean-oil futures for March delivery rise 0.5% to 36.52c/lb, heading for the biggest gain since Dec. 1
• EARLIER: Palm Oil Futures Advance as Indonesia Reserves, Demand Assessed
• Soybean-meal futures for March delivery up 0.4% to $314.20 per 2,000 pounds

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 22122016

#fkli
#klci

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives opened lower today in line with the softer underlying cash market.

At 9.23 am, December 2016 and January 2017 each fell 0.50 of a point to 1,630.50 and 1,637.00 respectively.

March 2017 and June 2017 were untraded and remained at 1,635.00 and 1,630.50.

Turnover stood at 1,214 lots, with open interest totalling 31,439 contracts.

The benchmark FBM KLCI was 1.57 points lower at 1,628.02 at 9.42 am.

How to trade Crude Palm Oil Futures ( FCPO ) 21122016

#fcpo
#palmoil

Palm oil for March delivery +0.4% at 3,105 ringgit/ton on Bursa Malaysia Derivatives by 12:16pm in Kuala Lumpur; futures earlier +0.5% and -0.4%.

• Prices +25% YTD
• Expectations of lower stockpiles in Indonesia, weak Malaysian ringgit support prices, says Tasvinderjit Singh, associate director at CIMB Futures in Kuala Lumpur; low demand for Malaysian palm still concern and may cap gains, he says
• NOTE: Indonesian Palm Oil Shipments Seen Climbing to 13-Month High
  • Nov. stockpiles seen -1.4% m/m; output -4.8% m/m
• NOTE: Malaysia’s Dec. 1-20 palm oil exports -14% m/m to 629,043 tons: Intertek; shipments -17% m/m to 606,937 tons according to SGS
• Higher biodiesel consumption in Indonesia will also provide support to palm oil: Singh
• NOTE: Indonesia Est. 4.6m Kiloliters of Biodiesel Consumption in 2017
• Soybean oil for March delivery on Chicago Board of Trade +0.4% to 36.48c/lb; March soybeans +0.4% to $10.20/bu
• Soybean oil’s premium over palm oil at ~$111/ton vs avg ~$94 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$202/ton vs avg ~$232 over past year: data compiled by Bloomberg
• May refined palm oil on Dalian Commodity Exchange +0.5% to 6,278 yuan/ton; May soybean oil +0.6% to 7,122 yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 21122016

 

 

#klci

#fkli

 

At 12.30 p.m. today, there were 273 gainers, 292 losers and 329 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,633.93 down 0.59 of a point, the FBMACE was at 4,812.27 up 9.00 points, and the FBMEmas was at 11,432.25 down 1.05 points.

Turnover was at 516.485 million shares valued at RM526.669 million.

 

 

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives remained lower at midday today in line with the softer underlying cash market.

At lunch break, January 2017 and March 2017 each fell 1.00 point to 1,642.50 and 1,639.50, respectively.

December 2016 shed 1.50 points to 1,637.00 while June 2017 remained unchanged at 1,636.00.

Turnover stood at 1,634 lots with open interest totalling 32,530 contracts.

The underlying benchmark FBM KLCI stood at 1,633.93, down 0.59 of-a-point at lunch break.

 

 



How to trade Crude Palm Oil Futures ( FCPO ) 20122016

#fcpo

#palmoil

 

 

Palm oil for March delivery -1.6% to settle at 3,093 ringgit/ton on Bursa Malaysia Derivatives, biggest decline for most-active contract since Nov. 14.

• Futures drop for 3rd day; +24% YTD
• “There’s some carry-over selling from yesterday and there’s weakness in external markets,” Donny Khor, deputy director of futures & commodities at RHB Investment Bank in Kuala Lumpur, says by phone. Market concerned about demand outlook as higher Malaysian crude palm oil export tax in Jan. may curb purchases, he says
• NOTE: Malaysia’s Dec. 1-20 palm oil exports -14% m/m to 629,043 tons: Intertek
  • Shipments -17% to 606,937 tons: SGS
• Soybean oil for Jan. delivery on Chicago Board of Trade -1.3% to 36.10c/lb; Jan. soybeans -1% to $10.11 1/2/bu
• May refined palm oil on Dalian Commodity Exchange -2.4% to close at 6,246 yuan/ton; May soybean oil -1.9% to 7,082 yuan/ton
• Soybean oil’s premium over palm oil at ~$108/ton vs avg ~$93 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$203/ton vs avg ~$232 over past year: data compiled by Bloomberg

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 20122016

#klci
#fkli

At 12.30 p.m. today, there were 272 gainers, 302 losers and 345 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,633.59 down 0.71 of a point, the FBMACE was at 4,777.19 up 6.43 points, and the FBMEmas was at 11,431.71 down 0.30 of a point.

Turnover was at 725.948 million shares valued at RM592.243 million.

 

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives remained higher at midday today in line with the better underlying cash market.

At lunch break, January 2017 and June 2017 each added 1.00 point to 1,641.00 and 1,634.00 respectively, and March 2017 rose 1.50 points to 1,640.00.

December 2016 remained unchanged and pegged at 1,636.00.

Turnover stood at 2,359 lots with open interest totalling 33,463 contracts.

The underlying benchmark FBM KLCI stood at 1,634.84, up 0.54 of a point at lunch break.

How to trade Crude Palm Oil Futures ( FCPO ) 19122016

#fcpo
#palmoil
Malaysia Jan. Crude Palm Oil Export Tax Raised to 7%

Palm oil for March delivery, most-active contract by volume, gains as much as 1.3% to 3,202 ringgit/ton on Bursa Malaysia Derivatives; trades at 3,201 ringgit by midday break in Kuala Lumpur.

• “Palm futures are getting support from firm soybean oil and Dalian markets, with the weak ringgit providing underlying support,” says Chandran Sinnasamy, head of dealing at LT International Futures in Kuala Lumpur
• NOTE: Ringgit Dips to Weakest Level Since 1998 Asia Financial Crisis
• Soybean oil for Jan. delivery on Chicago Board of Trade +0.7% to 36.98c/lb; Jan. soybeans little changed at $10.37/bu
• May refined palm oil on Dalian Commodity Exchange +1.6% to 6,512 yuan/ton; May soybean oil +2.4% to 7,326 yuan/ton
• Malaysia’s Dec. 1-20 palm oil exports may remain weak: Sinnasamy
• NOTE: Malaysia’s Dec. 1-15 palm oil exports -7.6% m/m to 481,349 tons: Intertek; shipments -9.6% m/m to 464,582 tons: SGS
• Soybean oil’s premium over palm oil at ~$99/ton vs avg ~$93 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$224/ton vs avg ~$233 over past year: data compiled by Bloomberg

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 19122016

#fkli
#klci

Bursa Malaysia extended its losses midday on continued selling pressure in selected key heavyweights, dealers said.

At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 2.54 points weaker at 1,636.55, after moving between 1,630.34 and 1,636.55, throughout the morning trading session.

The index opened 6.06 points easier at 1,631.73 from Friday's close of 1,637.79.

Losers outpaced gainers 314 to 269 while 285 counters were unchanged, 852 untraded and 24 others were suspended.

Turnover stood at 689.26 million shares worth RM508.71 million.

A dealer said the local bourse remained vulnerable due to the outflow of foreign funds following the rise in the US interest rates and the strengthening greemback versus the ringgit.

"The downtrend was also in line with most regional peers," said the dealer.

Of heavyweights, Maybank eased three sen to RM7.91, TNB fell six sen to RM13.70, Public Bank lost 10 sen to RM19.70 and Maxis Bhd dipped five sen to RM5.95.

How to trade Crude Palm Oil Futures ( FCPO ) 16122016

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 16122016

How to trade Crude Palm Oil Futures ( FCPO ) 15122016

#fcpo
#palmoil

Palm oil for Feb. delivery advances as much as 1.9% to 3,183 ringgit/ton on Bursa Malaysia Derivatives, rising 3rd day.

• Futures at 3,176 ringgit by midday break in Kuala Lumpur; +28% YTD
• Palm oil driven higher by weak ringgit as well as lower-than-expected production and stockpiles in November, according to David Ng, derivatives specialist at Phillip Futures in Kuala Lumpur
• NOTE: Ringgit -0.4% Thursday
  • INSIDE MALAYSIA: Ringgit Falls; Kokusai Says MYR Most Vulnerable
• NOTE: Malaysia Palm Oil Output Slides More Than Expected in November
  • Production -6.1% m/m to 1.57m tons, stockpiles +5.2% m/m to 1.66m tons
• NOTE: CIMB Cuts Malaysia 2016 Palm Oil Output Estimate to 17.3m Tons
• Market may have priced in the drop in Malaysian palm oil exports as a seasonal trend: Ng
• NOTE: Malaysia’s Dec. 1-15 palm oil exports -7.6% m/m to 481,349 tons: Intertek
• Soybean oil for Jan. delivery on Chicago Board of Trade +0.2% to 36.99c/lb; Jan. soybeans +0.1% to $10.24 1/2/bu
• Soybean oil’s premium over palm oil at ~$103/ton vs avg ~$93 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$232/ton vs avg ~$232 over past year: data compiled by Bloomberg
• May refined palm oil on Dalian Commodity Exchange +2.7% to 6,470 yuan/ton; Jan. soybean oil +0.7% to 7,092 yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 15122016

#fkli

#klci

Bursa Malaysia ended the morning session lower undermined by losses in heavyweights, particularly industrial and trade and services-related stocks, dealers said.

At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.03 points lower at 1,636.26 after closing at 1,643.29 yesterday.

The key index opened 7.55 points easier at 1,635.74 and moved between 1,629.86 and 1,637.44 during the morning trading session.

On the broader market, losers led gainers 350 to 223, with 344 counters unchanged, 797 untraded and 33 others suspended.

Turnover stood at 553 million shares worth RM530.66 million.

A dealer said the local sentiment was weighed down by weaker regional markets following the announcement of the US Federal Reserve's decision on raising interest rates by 25 basis points for the first time in a year.

How to trade Crude Palm Oil Futures ( FCPO ) 09122016

#fcpo
#palmoil

Palm oil for Feb. delivery drops as much as 1.1% to 3,078 ringgit/ton on Bursa Malaysia Derivatives, declining for 3rd day.

• Futures at 3,090 ringgit by 11:38am in Kuala Lumpur; +24% YTD
  • +0.5% this week, set for 3rd weekly gain
  • Closed at 3,183 ringgit on Tuesday, highest since May 2012
• Palm oil tracking Thursday’s drop in soybean oil, according to David Ng, derivatives specialist at Phillip Futures in Kuala Lumpur. Demand may still be weak because of high prices and oversupply of soybeans in the market, he says
• Soybean oil for Jan. delivery on Chicago Board of Trade +0.2% to 37.32c/lb, -1.8% Thursday; Jan. soybeans -0.2% to $10.25 1/2/bu
• NOTE: India Cash Ban Seen Curbing Palm Oil Imports for Seventh Month
• NOTE: Brazil Record Soybean Outlook Confirmed by New Conab Report
• Soybean oil’s premium over palm oil at ~$125/ton vs avg ~$94 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$225/ton vs avg ~$232 over past year: data compiled by Bloomberg
• May refined palm oil on Dalian Commodity Exchange -0.3% to 6,278 yuan/ton; May soybean oil -0.7% at 7,096 yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 09122016

#klci
#fkli

Bursa Malaysia extended its downtrend at mid-day today on lack of support for heavyweight stocks as sentiment was in tandem with regional Asian peers, dealers said.

At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.24 points lower at 1,639.51 from Thursday's close of 1,643.75.

The key index opened 1.90 points lower at 1,641.85 and moved between 1,636.61 and 1,641.85 during the morning session.

On the broader market, gainers led losers 311 to 264 while 338 counters remained unchanged, 787 untraded and 24 others were suspended.

Turnover stood at 672.94 million shares worth RM531.31 million.

Asian markets were mostly lower mid-day with Hong Kong's Hang Seng down 0.28 per cent at 22,797.94, South Korea's Kospi eased 0.40 per cent to 2,022.91 and Singapore's Straits Times declined 0.24 per cent to 2,951.79.

A dealer said the mixed market sentiment was due to the upward momentum in oil prices, however, news that the European Central Bank

had reduced the bugdet for its bond purchase programme offset the positive sentiment in the market.

Of heavyweights, Maybank added one sen to RM7.91 but TNB and Public Bank reduced two sen each to RM 13.98 and RM19.60, respectively, and Petronas Chemicals lost one sen to RM6.89.

Among actives, APFT was flat at 3.5 sen, AirAsia X and its call warrant, both improved half-a-sen to 37.5 sen and five sen, respectively, while Gadang warrant slipped half-a-sen to 24 sen.

How to trade Crude Palm Oil Futures ( FCPO ) 08122016

#fcpo
#palmoil


Palm oil for Feb. delivery -0.9% to close at 3,113 ringgit/ton on Bursa Malaysia Derivatives in Kuala Lumpur, lowest since Dec. 2; +25% YTD.

• Futures -1.3% on Wednesday, biggest decline for most-active contract since Nov. 14
  • Prices closed at 3,183 ringgit on Tuesday, highest since May 2012
• “Any expected cut in imports by India will boost inventory and that’s bad for palm oil,” says Donny Khor, deputy director of futures & commodities at RHB Investment Bank in Kuala Lumpur
  • Profit taking ahead of long weekend in Malaysia also negative for prices, Khor says
• NOTE: India Dec. Palm Oil Imports May Drop At Least 11% Y/Y, GGN Says
• NOTE: Malaysian Palm Oil Board to Release November Data on Dec. 14
  • NOTE: Reserves seen +8.3% m/m to 1.7m tons in Nov., output -3% m/m to 1.63m tons: Bloomberg survey
• Soybean oil for Jan. delivery on Chicago Board of Trade -0.8% to 37.63c/lb; Jan. soybeans -0.5% to $10.43 3/4/bu
• Soybean oil’s premium over palm oil at ~$127/ton vs avg ~$94 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$231/ton vs avg ~$232 over past year: data compiled by Bloomberg
• May refined palm oil on Dalian Commodity Exchange closes -1.9% to 6,294 yuan/ton; May soybean oil closes -0.7% at 7,148 yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 08122016

#fkli
#klci

Bursa Malaysia extended its encouraging momentum to mid-morning today, lifted by buying activities in index-linked counters led by trade and services.

At 11 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 5.32 points to 1,637.79 from Wednesday's close of 1,632.47, after opening 6.92 points better at 1,639.39.

On the broader market, gainers edged decliners 252 to 193, while 318 counters were unchanged, 936 untraded and 24 others suspended.

Turnover stood at 349.26 million shares worth RM311.61 million.

Kenanga Research, however, said in a note the FBM KLCI still lacks impetus for a near-term recovery and expects it to remain directionless with a downside bias.

Among heavyweights, Petronas Chemicals and MISC perked three sen to RM6.88 and RM7.32 respectively, Maybank and Public Bank were flat at RM7.89 and RM19.64, while TNB trimmed two sen to RM13.96.

How to trade Crude Palm Oil Futures ( FCPO ) 07122016

# fcpo #palmoil

Palm oil for Feb. delivery -1.4% to 3,140 ringgit/ton on Bursa Malaysia Derivatives, biggest decline for most-active contract since Nov. 14.

• Futures on Tuesday close +1.5% at 3,183 ringgit, highest since May 2012; +26% YTD
• “With no major demand season ahead, it looks difficult for palm oil to gather momentum to push higher,” Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental, says by phone. There’s some negative sentiment from drop in crude, he says
• NOTE: India Dec. Palm Oil Imports May Drop At Least 11% Y/Y, GGN Says
• NOTE: Oil Trades Near $51 After Slumping on Signs of Shale Comeback
• Palm oil still overall bullish, there will be minor profit taking from time to time: Thiagarajan
• NOTE: MIDF Raises 2017 Palm Oil Prices Est. 11% on Low Inventories
• NOTE: Malaysian Palm Oil Board to Release November Data on Dec. 14
  • NOTE: Malaysia palm oil reserves seen +8.3% m/m to 1.7m tons in Nov., output -3% m/m to 1.63m tons: Bloomberg survey
• Malaysian Palm Oil Association forecasts Nov. production -2.1% m/m to 1.64m tons
  • Output seen -7.8% m/m in East Malaysia, +1.6% in Peninsular Malaysia
• Soybean oil for Jan. delivery on Chicago Board of Trade -0.3% to 37.69c/lb; Jan. soybeans +0.1% to $10.49 1/4/bu
• Soybean oil’s premium over palm oil at ~$122/ton vs avg ~$94 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$235/ton vs avg ~$232 over past year: data compiled by Bloomberg
• May refined palm oil on Dalian Commodity Exchange closes +1.1% to 6,414 yuan/ton; May soybean oil +0.6% to 7,200 yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 07122016

#fkli
#klci

Malaysian shares rose Tuesday, tracking global markets, as investors shrugged off political concerns stemming from Italian Prime Minister Matteo Renzi's resignation following a referendum loss.
The nation's benchmark FTSE Bursa Malaysia KLCI rose 0.3% to 1,629.73. Petronas Gas and PPB Group led gains with an over 2% advance each, ending at 21.32 ringgit and 16 ringgit, respectively. British American Tobacco Malaysia, Hap Seng Consolidated and SapuraKencana Petroleum fell.

The ringgit rose 0.3% to 4.43 against the dollar, its fourth consecutive gain as a rally in the greenback paused.
"Improving ringgit outlook following stabilization in oil prices and recent central bank curbs against non-deliverable forwards, coupled with the traditional year-end window dressing activities are expected to bode well for KLCI to gain further strength towards 1,635-1,640 in the near term," said Sia Ket Ee, an analyst with Hong Leong Investment Bank.
Still, dealers do not expect a sustained move higher for the currency as regional markets brace for a near-certain Federal Reserve rate increase next month.
Most regional markets rebounded from yesterday's losses as U.S. and European equities ended higher Monday, recovering from initial nervousness sparked by Italy's vote against constitutional reforms and Prime Minister Matteo Renzi's resignation.
"The markets appear to have come to the realization that the concerns paid to the Italian referendum may be too much or too early. The real concern would be on the next Italian general election which would not occur until 2018," said Jingyi Pan, market strategist at IG. "The overnight trend seen in both European and US stock markets pointed to traders tuning back to riskier assets."

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 06122016

#klci
#fkli

Overseas investors sold net 780.5m ringgit of stocks in week ended Dec. 2, according to note released Monday from MIDF Amanah Investment.

• Outflows “pace seems to have slowed down in the prior week, nonetheless the foreign attrition out of Malaysian equity has spiked up again last week,” writes MIDF
• Longest weekly losing streak since 10-week selling streak ended July 8
• YTD outflows at 2.5b ringgit, compares with 19.5b ringgit net outflows in 2015, MIDF says
• Tenaga, Fraser & Neave, Maybank see biggest inflows; Public Bank, IHH Healthcare, Petronas Chemicals record highest outflows
• Foreign Funds Sold Malaysia Stocks for Fifth Straight Week: MIDF

How to trade Crude Palm Oil Futures ( FCPO ) 06122016

#fcpo #palmoil
Inventories seen +8.3% m/m to 1.70m tons by end-November, highest level in 4 months, according to median of 8 estimates of planters, traders and analysts in Bloomberg survey.

• November output seen -3% m/m at 1.63m tons; exports -10% m/m to 1.28m tons
• October imports seen at 20,000 tons; domestic consumption estimates range from 210,000-250,000 tons
• NOTE: Malaysian Palm Oil Board to release data by Dec. 14
• NOTE: Futures +1.9% to 3,135 ringgit/ton on Monday

How to trade Crude Palm Oil Futures ( FCPO ) 19 Aug 2016

#fcpo
#palmoil

(Aug 19): Malaysian palm oil futures rose on Friday to post their third consecutive weekly gain, boosted by tight supplies and expectations of higher exports.

Benchmark palm oil futures for November on the Bursa Malaysia Derivatives Exchange rose 0.1% to RM2,578 (US$643) per tonne at the close of trade, after dropping more than 2% in the previous session. Traded volumes stood at 54,374 lots of 25 tonnes each on Friday evening, versus the 2015 average of 44,600.

For the week, prices are up 2.1%, led by gains on Wednesday when the market posted its biggest daily rise in more than 10 months.

Tight supplies and the anticipation of good exports have driven gains, according to a trader from Kuala Lumpur.

Exports of Malaysian palm oil products jumped more than 30% month on month over Aug. 1-15, according to cargo surveyors. Intertek Testing Services is scheduled to release data for Aug. 1-20 shipments on Saturday.

Expectations of continued firm demand for exports, together with lower-than-anticipated output due to a crop-damaging El Nino last year that brings scorching heat and dry weather across Southeast Asia, helped push up palm prices by close to 10% over the past two weeks.

The El Nino weather pattern typically hurts fruit yields across top palm producers Indonesia and Malaysia, which account for nearly 90% of the global palm oil output.  

Palm oil is expected to retest a resistance at RM2,651 per tonne, a break above which could lead to a gain to the next resistance at RM2,761, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In related vegetable oils, the Chicago Board of Trade soybean oil December contract fell 1.3%, while the January soybean oil contract on the Dalian Commodity Exchange was also slightly down by 0.1%.

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 19 Aug 2016

#fkli
#klci

How to trade Crude Palm Oil Futures ( FCPO ) 18 Aug 2016

#fcpo
#palmoil

(Aug 18): Malaysian palm oil futures retreated from a 10-week high in early trade on Thursday, falling in a market correction and dragged down by a stronger ringgit.

Benchmark palm oil futures for October on the Bursa Malaysia Derivatives Exchange declined 2.5% to hit RM2,578 (US$646) per tonne at the end of the trading day, having touched a high of RM2,668 on Wednesday evening.

The market rose 4% on Wednesday in its strongest one-day gain in over 10 months on higher exports and tight supplies, with palm output still suffering from last year's crop damaging El Nino, which brings dry weather across Southeast Asia and lowering fruit yields.  

Palm is up about 4.6% so far for the week.

Traded volumes stood at 63,719 lots of 25 tonnes each on Thursday evening, versus the 2015 average of 44,600.

"The market pulled back after it went too high, it cannot go higher than what people are willing to pay," said a trader from Kuala Lumpur.

The stronger ringgit on Thursday evening also weighed on palm, traders said, making the tropical oil more expensive for foreign currency holders. The ringgit, palm's traded currency, rose 0.4% against the dollar to 3.9925 in the evening.

Palm oil may rise to a range of RM2,761-2,897 per tonne in four weeks, according to Reuters market analyst for commodities and energy technicals Wang Tao.

In related vegetable oils, the Chicago Board of Trade soybean oil December contract fell 1.1%, while the January soybean oil contract on the Dalian Commodity Exchange was up 0.6%.

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 18 Aug 2016

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How to trade Crude Palm Oil Futures ( FCPO ) 16 Aug 2016

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(Aug 16): Malaysian palm oil futures fell from a 10-week high on Tuesday as investors cashed in on the recent strength in prices and the ringgit rose, limiting demand for futures.

A stronger ringgit usually makes palm oil more expensive for foreign currency holders, as the ringgit is palm's traded currency.

Palm climbed to its highest since June 7 in the previous session, recording its strongest gains in nearly a year on the back of higher export demand and tracking firmer rival oils.

Benchmark palm oil futures for October on the Bursa Malaysia Derivatives Exchange fell 1.4% to RM2,542 (US$638) per tonne on Tuesday evening, its sharpest decline since July 8.

Traded volumes stood at 61,873 lots of 25 tonnes each at the close of trade, higher than the 2015 average of 44,600.

"It's profit taking on the back of an overbought market, and the ringgit," said a Kuala Lumpur-based trader, adding that the market may track better performing rival oils on China's Dalian Commodity Exchange.

"If its strength persists, palm will go up."

Palm's price has been influenced by the Dalian market, as they compete for a share of the global vegetable oils market. The January soybean oil contract on the Dalian Commodity Exchange was up 1.7% on Tuesday, while the January contract for RBD palm olein rose 1.8%.

In other related oils, the Chicago Board of Trade soybean oil December contract declined 0.5%.

A stronger ringgit also weighed down on palm prices, as it gained 0.6% to reach 3.9830 against the dollar around on Tuesday evening.

Palm oil may stabilise around support at RM2,543 per tonne, and then retest resistance at RM2,610, according to Reutersmarket analyst for commodities and energy technicals Wang Tao.

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 16 Aug 2016

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How to trade Crude Palm Oil Futures ( FCPO ) 17 Aug 2016

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 (Aug 17): Malaysian palm oil futures notched up their strongest gains in over 10 months, closing more than 4% higher on Wednesday, as tight supplies lent support to the market.

A stronger ringgit and a technical correction led palm to snap two consecutive days of gains in its previous session, having earlier climbed to a 10-week high tracking firmer exports and rival oils.

A stronger ringgit, palm's traded currency, usually makes the vegetable oil more expensive for foreign currency holders.

Benchmark palm oil futures for October on the Bursa Malaysia Derivatives Exchange rose 4.1% to RM2,643 (US$659) per tonne at the end of the trading day, charting a third session of gains in four.

It earlier reached an intraday high of RM2,668, its strongest gain since last Sept. 25 and its highest levels since June 7.

Traded volumes stood at 76,039 lots of 25 tonnes each on Tuesday evening, surpassing the 2015 average of 44,600.

The share of palm oil in India's growing edible oil imports is likely to reach a record low this marketing year as palm's price rally slashes its discount over soyoil.

"There is tightness in supply... because of the El Nino effect," said a trader based in Kuala Lumpur, adding that he expected the trend to continue for another month.

"Hopefully demand doesn't propel (prices upwards) as now soy prices are also going up."

Another trader said today's public holiday in Indonesia reduced the number of sellers in the market, adding to the existing squeeze in supply.

Palm oil output in Malaysia, the world's second-largest producer, rose 3.5% month-on-month in July to 1.59 million tonnes. Production, however, was at its weakest July level in six years due to El Nino's dry weather effects.

The weather phenomenon brings scorching heat across Southeast Asia, damaging crops and lowering palm yields in top palm producers Indonesia and Malaysia.

In related vegetable oils, the January soybean oil contract on the Dalian Commodity Exchange was up 0.5%, while the Chicago Board of Trade soybean oil December contract rose 1.7%.

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 17 Aug 2016

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How to trade Crude Palm Oil Futures ( FCPO ) 15 Aug 2016

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Malaysian palm oil futures made their biggest gains in nearly a year, charting a second positive session on Monday evening, tracking firmer competing vegetable oils and supported by strong export data.

Benchmark palm oil futures for October on the Bursa Malaysia Derivatives Exchange surged 3.8% to 2,622 ringgit (US$655) per tonne at the end of the trading day. Palm
earlier reached a 10-week top of 2,633 ringgit, its highest since June 7. Palm's rise on Monday was its strongest since Sept 25.

Traded volumes stood at 65,845 lots of 25 tonnes each in the evening, higher than the 2015 average of 44,600.

"Overseas commodities are firm," said a futures trader from Kuala Lumpur, referring to palm's rival oils such as soybean oil on the Chicago Board of Trade and the Dalian Commodity Exchange's refined, bleached and deodorised (RBD) palm olein.

Another trader said the market was up on strong export figures and tracking Dalian's RBD palm olien.

Palm oil's price direction is typically influenced by competing oilseeds and grains like soy, as they compete for a share in the global vegetable oils market.

U.S. soybean futures recovered losses on Monday on better demand from top market China.

The Chicago Board of Trade soybean oil December contract rose 1.8%, while the January soybean oil contract on the Dalian Commodity Exchange surged 2.8%.

Dalian's January contract for RBD palm olein was up 4%.

Stronger exports to China and India also lent support to the market, as data from cargo surveyors Intertek Testing Services and Societe Generale de Surveillance showed a 30%-31% rise in Malaysian shipments in the first half of August, versus the same time last month.  

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 15 Aug 2016

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How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 11 Aug 2016

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How to trade Crude Palm Oil Futures ( FCPO ) 11 Aug 2016

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Malaysian palm oil futures snapped a three-day rally on Thursday evening, falling from a near two-month high reached in the previous session and tracking weaker rival oils.

Benchmark palm oil futures for October on the Bursa Malaysia Derivatives Exchange fell 0.6% to 2,484 ringgit (US$621) per tonne at the end of the trading day, dropping from a previous session's top of 2,512 ringgit, the strongest levels since June 14.

Traded volumes stood at 64,719 lots of 25 tonnes each in the evening, higher than last year's average of 44,600.

"Overseas markets are softer today," said a trader from Kuala Lumpur, referring to competing vegetable oils such as soyoil.

"We are also undergoing a technical correction, as it is overdone on yesterday's sharp move up."

Palm oil rose for a third straight session on Wednesday afternoon, after official data from government body the Malaysian Palm Oil Board (MPOB) showed that stockpiles for end-July unexpectedly declined.

Inventories had fallen by 0.2% from June to reach 1.77 million tonnes, against a Reuters forecast of a 3.1% rise to 1.83 million tonnes.

MPOB data also showed that exports surged 21% lifted by better demand from China, the world's second largest importer of palm oil, while July production rose 3.5%
month-on-month to 1.59 million tonnes.

Weaker performing vegetable oils also weighed on palm. The Chicago Board of Trade soybean oil December contract was down 1%, while the January soybean oil contract on the Dalian Commodity Exchange fell 1.5%.   

Palm oil may fall to 2,432 ringgit per tonne, as it failed again to break resistance at 2,489 ringgit, said Reuters market analyst for commodities and energy technicals Wang Tao.

How to trade Crude Palm Oil Futures ( FCPO ) 10 Aug 2016

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Malaysian palm oil futures reversed losses to end the trading day higher on Wednesday, as official government data showed that stockpiles declined unexpectedly at the end of July.

The Malaysian Palm Oil Board (MPOB) said palm oil stocks at the end of last month were down 0.2% from end-June. Traders had been expecting palm stocks to rise 3.1%.

Benchmark palm oil futures for October on the Bursa Malaysia Derivatives Exchange rose 1.4% to RM2,500 (US$627) per tonne at the close of trade, charting an eighth session of advances in nine.

It earlier reached a more than two-month high of RM2,512, its strongest level since June 14. Traded volumes stood at 63,081 lots of 25 tonnes each on Wednesday evening, higher than the 2015 average of 44,600.

"The market had earlier been waiting for MPOB data," one Kuala Lumpur-based trader said.

"Polls thought end-stocks would go up, so this is a bullish factor."

End-July stockpiles in Malaysia, the world's second largest palm producer, fell by 0.2% from the previous month to 1.77 million tonnes, versus a Reuters forecast of 1.83 million tonnes.  

Palm output rose 3.5% month-on-month to 1.59 million tonnes, while exports surged 21% to 1.38 million tonnes.

In related vegetable oils, the January soybean oil contract on the Dalian Commodity Exchange was down 0.1% while the September soybean oil contract on the Chicago Board of Trade rose 1.3%.

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 10 Aug 2016

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How to trade Crude Palm Oil Futures ( FCPO ) 9 Aug 2016

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Malaysian palm oil futures rose to their highest in two months on tight physical supplies of the tropical oil and as competing vegetable oils on China's Dalian Commodity Exchange also gained.

Benchmark palm oil futures for October delivery on the Bursa Malaysia Derivatives Exchange were up 1.1% at RM2,466 (US$612) per tonne on Tuesday evening.

Palm earlier hit an intraday high of RM2,490, its highest since June 15, and charted a seventh winning session out of the past eight.

Traded volumes stood at 40,029 lots of 25 tonnes each at the end of the trading day, below the 2015 average of 44,600.

"There's some nearby tightness in the market," said a futures trader in Kuala Lumpur, attributing it to better demand.

"There's slower growth in production also."

A Reuters poll forecast Malaysia's palm oil output for July to grow 3.8% month-on-month to 1.59 million tonnes, it's strongest production levels since November but the weakest level for July since 2010.

Palm oil seasonally sees output rise during the second and third quarters of the year. However, dry weather caused by the El Nino weather phenomenon earlier this year has limited palm fruit yields and lowered output across Indonesia and Malaysia. The weather event brings scorching heat across Southeast Asia, damaging crops and lowering yield.

The poll had also forecast Malaysia's shipments to rise 13.9% from June to 1.29 million tonnes, in line with export data from cargo surveyors.

Societe Generale de Surveillance reported a 15.4% rise for the full month of July, while Intertek Testing Services showed a 12.7% gain in exports.  

Official government data from the Malaysia Palm Oil Board is scheduled for release on Wednesday, after 0430 GMT.

Palm was also supported by stronger rival oils on the Dalian Commodity Exchange. It's January soybean oil contract was up 1.5%, while the January contract for refined, bleached and deodorized palm olein surged 2.5%.

In other related vegetable oils, the Chicago Board of Trade soybean oil contract for December was up 0.2%.

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 9 Aug 2016

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How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 8 Aug 2016

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How to trade Crude Palm Oil Futures ( FCPO ) 8 Aug 2016

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Malaysian palm oil futures rose on Monday as traders reported tight physical supplies for the month of August and the market tracked firmer rival vegetable oils on the Chicago and Dalian exchanges.

Benchmark palm oil futures for October delivery on the Bursa Malaysia Derivatives Exchange gained 1.4% to RM2,440 (US$605) per tonne at the close of trade.

Palm snapped five sessions of gains on Friday to record its sharpest fall in two weeks.

Traded volumes stood at 39,313 lots of 25 tonnes each on Monday evening, lower than the 2015 average of 44,600.

"People are talking about tightness in the market ... There is some demand from China and India coming in. The Mid-Autumn festival is coming in a month," said a trader based in Kuala Lumpur.

"US soybean and Dalian are also up. On Friday the market came down on profit-taking, so now it is back up."

China, the world's second largest palm oil consumer, will celebrate the Mid-Autumn festival in mid-September this year, leading to higher consumption of the tropical oil.

Cargo surveyor data had showed that palm oil exports from Malaysia rose 12-15% for the full month of July from June, boosted by demand from Europe and China.

A Reuters survey forecast that Malaysia's July exports will rise nearly 14% month-on-month, while inventories see a 3.1% gain to 1.83 million tonnes.

Official government data on stock levels and exports from the Malaysia Palm Oil Board are scheduled for release on Wednesday, after 0430 GMT.

Stronger performing rival oils also lent some support to palm on Monday morning, said traders. The Chicago Board of Trade soybean oil contract for December was up 0.6%, while the Dalian Commodity Exchange's January soybean oil contract gained 0.6%.

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

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Malaysian palm oil futures fell on Friday from their seven-week highs hit in the previous session, as a stronger ringgit hurt prices.

The ringgit, the currency of trade for palm oil, was up 0.7% at 4.0200 per dollar on Friday evening, making the vegetable oil more expensive for holders of foreign currencies.

"The ringgit is one factor for a lower market today," said a trader based in Kuala Lumpur, adding: "The market has also moved up very fast in the last few days, so there is some correction."

Benchmark palm oil futures for October delivery on the Bursa Malaysia Derivatives Exchange were down 1.5% at RM2,407 (US$599) per tonne at the close of trade, its first fall in six sessions.  

They have added 3.9% so far this week, a third weekly gain in four.

Traded volumes stood at 36,962 lots of 25 tonnes each at on Friday evening.

Weakness in related vegetable oils could have also weighed on the market, said traders, along with forecasts of higher inventories ahead of the release of official government data next week.

In Malaysia, the world's second largest producer after Indonesia, palm oil inventories at the end of July likely rose 3.1% from a month earlier to a four-month high of 1.83 million tonnes, a Reuters poll showed.

The survey also forecast output likely gained 3.8% to 1.59 million tonnes, while exports surged 13.9%.

The Malaysian Palm Oil Board (MPOB) is scheduled to release July end-stocks data on Aug. 10, after 0430 GMT.

Palm oil may retrace to a support at RM2,390 per tonne, as it failed to break a resistance at RM2,458, said Reutersmarket analyst for commodities and energy technicals Wang Tao.

In other vegetable oils, the Chicago soybean oil contract for December fell 0.6%, while Dalian's January soybean oil contract dropped 0.6%.