How to trade Crude Palm Oil Futures ( FCPO ) 02022017

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PALM OIL: Futures Recover as Rising Shipments Boost Sentiment


By Supunnabul Suwannakij
     (Bloomberg) -- Palm oil for April delivery gains as much as
1.5% to 3,075 ringgit/ton on Bursa Malaysia Derivatives before
trading at 3,070 ringgit by 11:28am in Kuala Lumpur.

  * Most-active futures closed Tuesday at lowest since Nov. 24
    * Market was closed Wednesday for holiday
    * Futures fell 2.6% in Jan., 1st monthly decline since
      July
  * NOTE: Malaysian Palm Oil Exports Rise 4.3% to 1.16M Tons in
    Jan.
  * “Good export numbers for the month of January has lifted
    the market momentum,” says Josephine Goh, associate
    director of futures and commodities at RHB Investment Bank
  * Soybean oil for March delivery on Chicago Board of Trade
    +0.1% to 34.33c/lb
  * March soybeans -0.3% to $10.33 1/2/bu, after rising past 2
    days
  * NOTE: Indonesian Palm Output Seen Rallying From First Drop
    in 18 Years
  * Soybean oil’s premium over palm oil at ~$64/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$190/ton vs avg ~$226
    over past year: data compiled by Bloomberg
  * NOTE: Chinese markets closed for Lunar New Year holiday