FUNDAMENTALS
* Export shipments from Malaysia during April 1-25 fell
18.4% from a month earlier, independent inspection firm AmSpec
Agri Malaysia reported on Tuesday. Another cargo surveyor,
Intertek Testing Services, said exports declined by 14%.
* Dalian's most-active soyoil contract gained 0.3%,
while its palm oil contract rose 0.11%. Soyoil prices
on the Chicago Board of Trade were up 0.5%.
* Palm oil is affected by price movements in related oils as
they compete for a share in the global vegetable oils market.
* "The palm market has tracked erosions in the broader
commodity market, such as the palm olein futures on the China
Dalian Commodity Exchange and crude oil prices, following
concerns that looming U.S. Federal Reserve interest rate hikes
could dampen global demand," Refinitiv Agriculture Research said
late Tuesday.
* Palm oil yields have improved following a slowdown in
rainfall but production upside is expected to be capped by fewer
working days with the Eid al-Fitr festivities, Refinitiv said.
* Palm oil may break a support at 3,565 ringgit per tonne
and fall to 3,504 ringgit, Reuters technical analyst Wang Tao
said. MARKET NEWS
* U.S. stock futures bounced as buybacks and earnings beats
boosted tech giants in after-hours trade, although Asian shares
wallowed at one-month lows on Wednesday, with investors turning
nervous on the outlook for the world's two biggest economies. DATA/EVENTS (GMT)
0130 Australia CPI QQ, YY Q1
1000 France Unemp Class-A SA March
1230 U.S. Durable Goods March
($1 = 4.4590 ringgit)
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(Reporting by Mei Mei Chu; Editing by Varun H K)
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in and press enter, or double click between the brackets. * Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils Malaysian palm oil exports CBOT soyoil futures CBOT soybean futures Indian solvent Dalian Commodity Exchange Dalian soyoil futures Dalian refined palm oil futures Zhengzhou rapeseed oil European edible oil prices/trades ))
