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Monday, January 9, 2017

How to trade Crude Palm Oil Futures ( FCPO ) 09012017

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SOY/CORN: China Soy, Meal Drop as South America Sales to Pick Up
 
No. 1 soybeans for May delivery fall as much as 1.5% to 4,204 yuan/ton on Dalian Commodity Exchange.
  • Trades -1.4% at 4,206 yuan/ton by 10:39am local time
  • South American sales are expected to pick up, boosting supplies, said Cao Yanhui, analyst at Guosen Futures
    • “Domestic soy meal supplies are increasing and meal inventories are recovering as soy plants step up production”
  • Soymeal for May delivery on Dalian -0.7% to 2,771 yuan/ton
  • Soybeans for March delivery on Chicago Board of Trade +0.2% to $9.96 3/4 a bushel
    • Prices -1.8% on Friday, biggest drop for most active contract in 4 weeks on slowing U.S. export sales
  • NOTE: U.S. Soybean Sales Plunge 91% W/w, End-Year’s Lowest Since ’96
  • Corn for May delivery -0.5% to 1,508 yuan/ton on Dalian, falling 3rd day
  • Corn for March delivery +0.3% to $3.59 a bushel on Chicago Board of Trade
  • Wheat for March delivery +0.7% to $4.26 1/4/bu on CBOT
  • NOTE: Wheat Starts Year With a Bang After Longest Slump Since 1999

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