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Friday, February 10, 2017

How to trade Crude Palm Oil Futures ( FCPO ) 10022017

PALM WRAP: Malaysian Palm Oil Stockpiles, Output Seen Declining
     (Bloomberg) -- Palm oil inventories probably declined to
the lowest since Aug. as production dropped the most in a year
and exports increased, according to a Bloomberg survey.

  * NOTE: Malaysian Palm Oil Board to release Jan. data on
    Friday
  * Futures +2.2% this week
    * Trade in 3,032-3,127 ringgit/ton range


SUPPLY & DEMAND

  * Vegetable oil market remains tight at start of 2017, AHDB
    says
  * Palm oil consumption in West Africa to outperform: BMI
  * Brazil 2016-17 soybean crop seen at 110m tons: Pine Research
  * Brazil 2016-17 soy exports seen +10% y/y to 57.5m tons:
    Safras
  * Soybeans drop on USDA surprise as wheat reaches 3-month high


OTHER NEWS

  * Buffett, Icahn interests square off in biofuels law fight
  * Indonesia orders Waringin Agro to pay IDR466.5b fine: Kompas
  * Iraq’s Etihad Food to start vegetable oil production next
    month
  * ICDX to take steps to boost palm oil contracts volume


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: MPOB to release Jan. data Friday


PHYSICAL PRICES MPOI

  * As of Feb. 8 close; Thursday was public holiday in Malaysia
    * Malaysia Feb. crude palm oil: 3,365 ringgit ($757) per
      ton
    * Indonesia April CPO: $750/ton
    * Feb. RBD palm olein: $770/ton

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