How to trade Crude Palm Oil Futures ( FCPO ) 27012017

#fcpo
#palmoil

PALM WRAP: Chinese Palm Oil Demand to Rise, Malaysia Exports


By Anuradha Raghu
     (Bloomberg) -- While high prices may keep Chinese buyers on
the sidelines in the first part of the new year, an expected
surge in supply later in 2017 in the world’s top producers will
drive a jump in purchases as prices decline, according to
analysts and traders.

  * Futures -1.4% this week, 2nd weekly decline
    * Trade in 3,051-3,163 ringgit/ton range


SUPPLY & DEMAND

  * Malaysia palm oil exports +9.3% to 904,257 tons in Jan.
    1-25: SGS
  * Malaysia’s Jan. 1-25 palm oil exports 924,282 tons: Intertek
  * China sugar, corn, palm oil imports decline in 2016: customs
  * China Dec. palm oil imports +1.8% y/y to 679,537 tons
    * China’s December agriculture exports and imports (table)


OTHER NEWS

  * Soybeans, at 10-year discount to palm oil, may further
    benefit: BI
  * Trump not seen acting on biofuel policy in 1st 100 days: BI
  * Palm oil production seen rebounding this year: Godrej’s
    Mistry


COMPANY NEWS

  * KLK increases stake in M.P. Evans to 10.14%
  * Sime rises on plantation-unit-listing speculation, Phillip
    says


MALAYSIA PALM OIL BOARD

  * Dec. stockpiles +0.2% m/m to 1.67m tons
  * Dec. production -6.4% m/m to 1.47m tons
  * Dec. exports -7.5% m/m to 1.27m tons
  * NOTE: Malaysia palm oil industry performance for Dec.
    (table)


PHYSICAL PRICES MPOI

  * As of Jan. 26 close:
    * Malaysia Jan. crude palm oil: 3,310 ringgit/ton
      ($747/ton)
    * Indonesia March CPO: $767.50/ton
    * Jan. RBD palm olein: $758.25/ton