How to trade Crude Palm Oil Futures ( FCPO ) 14022017

PALM OIL: Gains on Supply Concern as Traders Weigh Soy Weakness

Palm oil for April delivery rises as much as
0.4% to 3,049 ringgit/ton on Bursa Malaysia Derivatives after
falling as much as 0.8%

  * Most-active futures at 3,039 ringgit at midday break in
    Kuala Lumpur
  * Tight supplies are underpinning prices even as Monday’s
    declines in soybean oil and Dalian palm oil weigh on
    confidence, according to Tasvinderjit Singh, associate
    director at CIMB Futures in Kuala Lumpur. Concern that
    Malaysia’s February production may not be as low as
    initially expected is also making traders cautious, he says
  * NOTE: Malaysian Palm Oil Stockpiles May Drop 4% M/m in
    February: MIDF
  * Weakness in Malaysian ringgit also supporting prices
  * NOTE: Ringgit -0.1% Tuesday
  * Soybean oil for March delivery on Chicago Board of Trade
    little changed at 34.16c/lb after falling 1.3% Monday; May
    contract little changed at 34.43c/lb
    * March soybeans -0.4% to $10.50 a bushel; May contract
      -0.4% to $10.61 1/4/bu
  * May refined palm oil on Dalian Commodity Exchange unchanged
    at 6,146 yuan/ton, -2.2% Monday; May soybean oil +0.2% to
    6,878 yuan/ton, -1.3% Monday
  * Soybean oil’s premium over palm oil at ~$76/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$192/ton vs avg ~$222
    over past year