How to trade Crude Palm Oil Futures ( FCPO ) 31032017

#palmoil
#fcpo

Market are expecting:
Cargo surveyor ITS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31.
Cargo surveyor SGS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31

How to trade Crude Palm Oil Futures ( FCPO ) 29032017

#palmoil
#fcpo

Palm has been fallen with market signals mixed, as demand remains weak and output growth is still uncertain.


Market are expecting:
Cargo surveyor ITS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31.
Cargo surveyor SGS releases Malaysia’s Mar 1-31 palm oil export data on Mar 31

How to trade Crude Palm Oil Futures ( FCPO ) 28032017

#palmoil
#fcpo

The FCPO June is expect to open around 2700-2710 tracking Dalian Palm & US Soyoil movement. Yesterday palm oil hits low since October after related vegetable oils slip.

How to trade Crude Palm Oil Futures ( FCPO ) 27032017

#palmoil
#fcpo

Cargo surveyor ITS forecast Mar 1-25 palm oil export 896,621, shipments fall 1.2% from 907,078 tons during Feb. 1-25. US Soy oil sharply fall on higher 2017 US soybean acreage in their survey .

How to trade Crude Palm Oil Futures ( FCPO ) 24032017

#palmoil
#fcpo

Futures on Thursday sharply fall, and break down 2768 (50%) retreat from 2 week high 2839 on market rumors overseas weaker cooking oil demand.
Market are expecting:
Cargo surveyor ITS releases Malaysia’s Mar 1-25 palm oil export data on Mar 27.
Cargo surveyor SGS releases Malaysia’s Mar 1-25 palm oil export data on Mar 27.

How to trade Crude Palm Oil Futures ( FCPO ) 23032017

#fcpo
#palmoil
Market players are uncertain about how much production will pick up this month and forecasts for a soyoil rally aftter 2017 US biofuel requirements.

How to trade Crude Palm Oil Futures ( FCPO ) 22032017

#palmoil
#fcpo
Futures rebounded from a three-day low to 1 week high, supported by forecasts of weaker output.

How to trade Crude Palm Oil Futures ( FCPO ) 21032017

#fcpo
#palmoil

The FCPO June is expect to open around 2770-2780 tracking Dalian Palm movement. Cargo surveyor Societe Generalede Surveillance forecast March 1-20 Palm Oil Exports 686741 Tons, Shipments drop 7.9% from 745,564 tons during Feb. 1-20 period
The market is looking at lower demand and rising production could weigh down palm oil prices.

How to trade Crude Palm Oil Futures ( FCPO ) 20032017

#fcpo
#palmoil

Market main focus now is how fast the production will pick up.
Market are expecting:
Cargo surveyor ITS/SGS forecast Mar 1-20 palm oil export data on Mar 20.

How to trade Crude Palm Oil Futures ( FCPO ) 17032017

FCPO rose likely driven by production, which market rumors is still bad while exports are good.
Market are expecting:
Cargo surveyor ITS/SGS forecast Mar 1-20 palm oil export data on Mar 20.

How to trade Crude Palm Oil Futures ( FCPO ) 16032017

#fcpo
#palmoil
FCPO rose a second consecutive session on support from improving exports and strong physical prices. Market rumors India are coming to buy for Ramadan. India, the world's largest consumer of vegetable oils and the largest importer of Malaysian palm oil, is seen buying more of the tropical oil ahead of the Muslim holy month of Ramadan in late May.
Market are expecting:
Cargo surveyor ITS/SGS forecast Mar 1-20 palm oil export data on Mar 20.

How to trade Crude Palm Oil Futures ( FCPO ) 15032017

#fcpo
#palmoil

Yesterday heavy short cover activities and roll over coming after FCPO break down 2700. Malaysia April. Crude Palm Oil Export Tax Cut to 7.5% from 8%. We see market in technical rebound mode after 5 day drop, and market rumors coming Muslim festive from 27 May 17 booting shipment will rise.

How to trade Crude Palm Oil Futures ( FCPO ) 14032017

Yesterday FCPO break down 2723 (100%) last 30 minutes before closing, and the next support level will be 2692(next low). 

Market are expecting:

Cargo surveyor ITS/SGS forecast Mar 1-15 palm oil export data on Mar 15.

potential U.S. interest rate hike by the Federal Reserve 16 Mar 2am

How to trade Crude Palm Oil Futures ( FCPO ) 13032017

Traders are closely monitor how quickly production will pick up, biodiesel policies in the U.S. and upcoming 1-15 export forecast.

How to trade Crude Palm Oil Futures ( FCPO ) 10032017

Malaysia Palm Oil Reserves Slump to 6-Year Low as Output Drops

• Stockpiles fall 5.3 percent, output declines 1.4 percent
• Tight supply may curb selling in futures market

Palm oil inventories in Malaysia dropped to the lowest in six years in February as production in the world’s second-largest grower declined for a fifth month.

Stockpiles fell 5.3 percent in February from a month earlier to 1.46 million metric tons, the lowest since January 2011, the Malaysian Palm Oil Board said on Friday. That compares with the 1.48 million tons forecast in aBloomberg survey this week. Crude palm oil production fell 1.4 percent to 1.26 million tons, the lowest since March 2016. February’s output was 21 percent higher than a year earlier. Exports slumped 14 percent to 1.1 million tons, the lowest since February last year.
Traders are watching for signs of how quickly production in Malaysia and Indonesia will rebound this year as oil palms in the top growers recover from El Nino-linked drought. Veteran industry analyst Dorab Mistry predicts benchmark prices to reach 3,000 ringgit ($674) a metric ton in the short term amid tight supply, before dropping to 2,500 ringgit by June-July. LMC International Ltd. Chairman James Fry forecasts a recovery in Malaysian production this year, with inventories exceeding 2 million tons by June.

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 09032017

#fkli
#klci

Bursa Malaysia ended the morning session lower on the back of subdued buying appetite in tandem with the sentiment on regional bourses, dealers said.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.96 points easier at 1,726.7, after moving between 1,725.78 and 1,730.16 throughout the morning session.

The index opened 2.88 points lower at 1,725.78 from Tuesday's close of 1,728.66.

Market breadth was negative as losers led gainers 421 to 377 with 345 counters unchanged, 560 untraded and 16 others were suspended.

Turnover stood at 1.69 billion shares worth RM994.09 million.

A dealer said Bursa Malaysia was also influenced by the lack of catalyst with Japan's Nikkei down 0.59 per cent to 19,231.49, Indonesia's Jakarta Composite Index trimmed 0.07 per cent to 5,398.94 and India's Bombay Stock Exchange declined 0.12 per cent to 28,964.58.

Meanwhile on the home front, the Finance Index shed 10.34 points to 15,510.93 and the Plantation Index declined 65.28 points to 8,108.86. However, the Industrial Index rose 0.63 of-a-point to 3,253.25.

The FBM Emas Index trimmed 8.19 points to 12,199.89, the FBMT100 Index decreased 9.95 points to 11,873.02 while the FBM Ace expanded 45.24 points to 5,347.72 and the FBM 70 rose 1.37 points to 14,232.73.

Heavyweights, Maybank increased four sen to RM8.84, TNB rose eight sen to RM13.78, IHH Healthcare was up one sen at RM5.99 while Public Bank declined two sen to RM19.92 and Petronas Chemicals trimmed one sen to RM7.47.

Among actives, Frontken, Palette and Hiap Teck improved half-a-sen each to 24 sen, seven sen and 34.5 sen, respectively, while Borneo Oil and MMAG were flat at 17 sen and 5.5 sen, respectively.

How to trade Crude Palm Oil Futures ( FCPO ) 09032017

#fcpo
#palmoil
Palm oil for May delivery on Bursa Malaysia Derivatives +0.6% to 2,875 ringgit/ton.

• Futures earlier drop 1.3% to 2,821 ringgit, lowest level for most-active contract since March 2
  • -7.5% YTD
• Prices rebound because near-term production isn’t going to increase rapidly and demand remains strong, says Sandeep Bajoria, chief executive of Mumbai-based broker Sunvin Group
• NOTE: Malaysia Palm Output May Recover Strongly From April-May: Sime
• NOTE: Palm Demand May Rise in 2H as El Nino May Curb Supply: Rabobank
• NOTE: Slowing Palm Output Growth in ’16-17 to Affect Supply: Mielke
• Soybean oil for May delivery on Chicago Board of Trade +0.7% to 33.96c/lb
  • May soybeans on CBOT -0.1% to $10.24/bu
• Soybean oil’s premium over palm oil at ~$103/ton vs avg ~$92 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$155/ton vs avg ~$213 over past year: data compiled by Bloomberg
• May refined palm oil on Dalian Commodity Exchange -0.9% to close at 5,822 yuan/ton; May soybean oil -0.7% to 6,538 yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 01032017

BURSA MALAYSIA OPENS MARGINALLY HIGHER

Bursa Malaysia opened marginally higher, in cautious mode, ahead of US President Donald Trump's speech to a joint session of Congress later today.

At 9.05 am, the FBM KLCI stood at 1,695.04, up 1.27 points, from 1,693.77 recorded at Tuesday's close. The index opened 0.87 of-a-point higher at 1,694.64.

Market breadth was negative with losers leading gainers 141 to 129 while 179 counters remained unchanged, 1247 untraded and 15 others were suspended.

Turnover stood at 169.92 million shares worth RM59.42 million.

TA Securities said the local market would extend sideways, pending details on major policy initiatives to be announced by the US President.

Of heavyweights, Public Bank shed two sen to RM19.94 while Maybank, TNB, Sime Darby and Petronas Chemicals were flat at RM8.60, RN13.54, RM8.96 and RM7.25, respectively.

Among actives, Dagang Nexchange warrant added half-a-sen to 14.5 sen, Bumi Armada shed five sen to 67.5 sen, Vivocom eased 1.5 sen to 16 sen while Dagang Nexchange and Borneo Oil were flat at 39.5 sen and 17 sen, respectively.

The FBM Emas Index was 1.33 points higher at 11,951.61, FBM Emas Shariah Index added 7.36 points to 12,395.11, the FBMT100 Index improved 1.31 points to 11,642.80 but the FBM Ace decreased 65.37 points to 5,181.05 and the FBM 70 fell 26.64 points to 13,909.45.

On a sectoral basis, the Finance Index increased 28.95 points to 15,055.29, the Industrial Index edged up 2.64 points to 3,234.50, however, the plantation Index reduced 31.64 points to 8,050.68.

How to trade Crude Palm Oil Futures ( FCPO ) 01032017

SOY: Bean Oil Pares Gains as White House Signals No Ethanol Rule

Soybean-oil futures for May delivery gain 4% to close at 33.93c/lb on Chicago Board of Trade, after rising as much as 6.5%.

• Futures gave back a portion of the earlier increase after a White House spokeswoman said no ethanol rule change was in the works
• Prices climbed earlier on report that Trump Administration is considering a plan that would curb imports of biodiesel from Argentina by ensuring domestic producers qualify for a currently-expired tax credit, Bloomberg reports
• “Proposed changes look more positive for biofuel demand,” Don Roose, the president of U.S. Commodities in West Des Moines, Iowa, says in a telephone interview, before White House comments
• “Funds want to be long ahead of the U.S. growing season should any weather problems develop”
• NOTE: Warm, Dry Weather Increases U.S. Wheat Crop Stress
• Soybean futures for May delivery gain 1.3% to $10.35 3/4 a bushel after earlier touching $10.56 1/4, highest since Feb. 17
• Soybean-meal futures for May delivery up 0.2% to $336.40 per 2,000 lbs
• Soybean oil’s share of the crush margin rose 2.5% to the highest since Feb. 9