How to trade Crude Palm Oil Futures ( FCPO ) 16022017

PALM OIL: Futures Climb 2nd Day on Optimism Over Export Demand

Palm oil for April delivery closes 0.7%
higher at 3,069 ringgit/ton on Bursa Malaysia Derivatives,
biggest gain at close since Feb. 2.
  * “The market is expecting exports to perform generally
    better,” says David Ng, derivatives specialist at Phillip
    Futures in Kuala Lumpur. “The ringgit has declined in
    recent days which may support sentiment”
  * NOTE: Malaysia’s Feb. 1-15 palm oil exports +1.4% m/m to
    520,962 tons: Intertek
  * NOTE: Malaysian ringgit -0.1% this week
  * Market is very sensitive to news on production and exports:
    Ng
  * Soybean oil for March delivery, most-active by volume, on
    Chicago Board of Trade +0.3% to 34.24c/lb; May contract
    +0.3% to 34.50/lb
    * March soybeans little changed at $10.44 3/4 a bushel;
      May contract little changed at $10.55 3/4/bu
  * Soybean oil’s premium over palm oil at ~$71/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$197/ton vs avg ~$222
    over past year: data compiled by Bloomberg
  * May refined palm oil on Dalian Commodity Exchange closes
    +0.4% at 6,112 yuan/ton; May soybean oil little changed at
    6,830 yuan/ton