How to trade Crude Palm Oil Futures ( FCPO ) 24022017

PALM OIL: Futures Decline to Three-Month Low on Supply Concerns

     (Bloomberg) -- Palm oil for May delivery closes -1% to
2,782 ringgit/ton on Bursa Malaysia Derivatives, lowest for
most-active contract since Nov. 4.
  * Futures drop for 5th time in 6 sessions, set for -2.7% this
    week
  * There are concerns that demand may not improve while
    production starts to recover, according to Tasvinderjit
    Singh, associate director at CIMB Futures in Kuala Lumpur
  * READ: Palm Oil Output Seen Recovering as El Nino Effect
    Recedes: MPOC
  * NOTE: Malaysia’s Feb. 1-20 palm oil exports fell 0.8% from
    same period a month earlier, according to Intertek
  * Stronger ringgit also weighing on futures, Singh says
    * NOTE: Malaysian ringgit +0.1% Thursday
  * NOTE: Malaysian Palm Oil Association est. Feb. 1-20 crude
    palm oil production -2.4% m/m
    * Output est. -4.5% m/m in Sarawak, -1.9% m/m in Sabah,
      -2.4% m/m in Peninsular Malaysia
  * This is bearish for the market as the drop in production is
    less steep than initially expected, says Paramalingam
    Supramaniam, director at Selangor-based brokerage Pelindung
    Bestari
  * Soybean oil for May delivery on Chicago Board of Trade -0.6%
    to 32.81c/lb; May soybeans -0.3% to $10.30 1/4 a bushel
  * Soybean oil’s premium over palm oil at ~$98/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$123/ton vs avg ~$218
    over past year: data compiled by Bloomberg
  * May refined palm oil on Dalian Commodity Exchange ends -1.5%
    at 5,790 yuan/ton; May soybean oil -1.1% to 6,584 yuan/ton