FCPO : Info & Analysis

[thetu5]

semua berita ni kena wat analysis!

mmglh bang..

klu x,xkn ade term FA/fundemetal analysis dan TA/technical Analysis..klu terus kita amik bulat2 senanglh smua trader..newa ckp bull,smua buy jer.psl tu kita bolh pggl sbgai speculation market dan kita yg trader ni dpnggil speculator/retailer..#:-S

 

[Sony_Boy]

Crude Palm Oil Futures End Down; Off Lows On Supportive Fundamenta (November 24 2009)

[Dow Jones] Crude palm oil futures prices on Malaysia’s derivatives exchange ended lower Tuesday, as investors took profits following lackluster trade overnight in crude oil and soyoil futures, trade participants said.

The benchmark February contract on the Bursa Malaysia Derivatives exchange ended MYR8 lower at MYR2,478/ton after trading in range of MYR2,430-MYR2,480/ton.

"Prices were due for a correction as palm oil went up too fast, too soon yesterday," said a senior trading executive in Kuala Lumpur. The February contract stayed above the MYR2,420 level throughout the day, as palm oil's supply-demand fundamentals are supporting prices and a discount of $150/ton to soyoil prices makes it the less expensive choice for vegetable oils importers.

Palm oil prices were also supported by lower palm oil output in November, as continuing monsoon rains bring floods in the oil palm growing regions in peninsular Malaysia, Sabah and Sarawak, and threaten to disrupt transportation of oil palms to mills and refineries.

Planters expect November palm oil output to be 10%-15% lower than in the previous month. While Nov. 1-25 palm oil exports are likely to have risen only a marginal 1.2% from the same period last month to 1.13 million tons, traders expect buyers to be more aggressive with purchases of palm oil in the physical market next week and through the first week of December, as importers in the region are keen to lock in supplies for January. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. are scheduled to issue Malaysia Nov. 1-25 palm oil shipments Wednesday.

Export demand from China and Europe may lead to a stock drawdown in November, trade participants said. However, the drawdown in inventories may not be large, as palm oil imports from Indonesia may remain high while the government hasn't imposed an import tax on the commodity, another senior trading executive in Malaysia said. Traders and shipping executives now expect November's exports to decline to 1.37 million tons, from the 1.42 million-1.43 million tons shipped in October.

New York Mercantile Exchange light, sweet crude for January delivery was trading 2 cents lower at $77.54 a barrel on Globex at 1035 GMT. In the cash market, cash palm olein for December was offered $10 lower at $750/ton, free on board Malaysian ports. CPO for January was traded $712.50/ton, FOB Indonesian ports, a Singapore-based trading executive said. Cash CPO for prompt delivery was offered MYR10 higher at MYR2,410/ton. A total of 16,328 lots of CPO were traded on the BMD versus 17,388 lots Monday. Open interest was 94,922 lots Tuesday, down from 95,832 lots. One lot is equivalent to 25 tons.

 

[randerson88]

Thanks

Knowing the current situation of the stock market is crucial especially if you have stocks invested in it. It is better to be up to dated to the situations so that you could know the actions to be taken if some changes in the stock market occur as to secure your stocks to lose. Today, the stock market is unstable so we need to be vigilant to the current market conditions.


Gold

 

[Sony_Boy]

Asian Crude Palm Oil Ends Up On Exports, Recovery In Crude (25 Nov, 2009)

(Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended higher Wednesday on speculative buying as investors took leads from higher export estimates and a rebound in crude oil prices.

The benchmark February contract on the Bursa Malaysia Derivatives exchange rose as much as MYR40 or 1.6% to MYR2,518 a metric ton, its highest level since Aug. 13, as Malaysia's palm oil export data for the Nov. 1-25 period by cargo surveyor SGS (Malaysia) Bhd. exceeded market expectations, said trade participants.

The February contract ended MYR3 higher at MYR2,481/ton after trading in a range of MYR2,469-MYR2,518/ton. Trade was a bit choppy in both sessions, typical of holiday trade as some investors rushed to liquidate positions and take profits, traders said. "The BMD market will be closed Friday, while trade in the U.S. will closed for Thanksgiving Thursday. So we're anticipating trade to be choppy on the BMD tomorrow," said a Kuala Lumpur-based trading executive.

Market participants said prices could rise further due to likely lower palm oil output, weather concerns and if crude oil prices rise further. Most traders peg immediate resistance at MYR2,520, then MYR2,600. "The rally in prices may continue well into 2010. The market has turned very positive on palm oil, so any bullish news will be amplified," said Abah Ofon, softs analyst from Standard Chartered Bank in Dubai. "CPO's price trajectory, going forward, would hinge on demand for soybeans. Chinese demand for soybeans isn't going to go away. My view is that China will continue to boost soy stocks," giving support to palm oil prices, said Ofon.

Cargo surveyors estimated Malaysia's palm oil exports up 1.2%-6.4% on month for the Nov. 1-25 period as restocking activity by major buyers China and the European Union boosted export demand. Intertek Agri Services estimated exports to the E.U. during the Nov. 1-25 period at 252,314 tons, up from 224,635 tons a month earlier. Another surveyor, SGS, estimated the Chinese shipments at 311,055 tons, up from 288,250 tons.

At 1032 GMT during the Globex electronic session, light, sweet crude for January delivery was trading 34 cents higher at $76.36 a barrel on the New York Mercantile Exchange. December soyoil on the Chicago Board of Trade was trading 25 points higher at 39.95 cents a pound on e-CBOT by the end of trade on the BMD.

In the cash market, cash palm olein for April/May/June was traded from $765/ton to $770/ton, FOB Malaysian ports, said a Singapore-based trading executive. Cash CPO for prompt delivery was offered at MYR2,440/ton. A total of 20,614 lots of CPO were traded on the BMD versus 16,328 lots Tuesday. Open interest was 94,420 lots Wednesday, down from 94,922 lots. One lot is equivalent to 25 tons.

 

[Sony_Boy]

BMD CPO futures up midday; may rise on output (November 26, 2009)

Kuala Lumpur - BMD CPO futures higher in rangebound trade. Prices supported by weather concerns, likely lower November palm oil output, cash market sales, say traders. "CPO futures may rise to intraday highs in afternoon session," says analyst in Singapore. Benchmark BMD February CPO futures trading MYR11 higher at MYR2,493/ton after reaching intraday high of MYR2,521/ton. Planters say Malaysia's November palm oil output likely down 10%-15% on month.

BMD CPO futures ease on profit taking, crude oil

BMD CPO futures lower in choppy afternoon trade, profit taking. CPO futures unable to sustain higher levels with crude trading lower during Asian trading hours; Nymex light, sweet crude for January delivery 99 cents lower at $76.97/bbl. Prices may close at MYR2,480-MYR2,490 levels today," says Kuala Lumpur-based vegetable oil exporter, on buying interest within intraday trading range and support from likely lower production this month; traders expect MYR2,460 level to be well supported. Benchmark BMD February CPO futures trading down MYR16 at MYR2,466/ton, off intraday low MYR2,461

 

[Sony_Boy]

Asian Crude Palm Oil Ends Unchanged Amid Choppy Holiday Trade

(Dow Jones)–Crude palm oil futures on Malaysia's derivatives exchange ended unchanged in choppy trade Thursday after rising to an intraday high of MYR2,521 as investors covered their positions ahead of the long weekend.

The benchmark February contract on the Bursa Malaysia Derivatives exchange was unchanged at MYR2,482 a metric ton, after trading mostly in negative territory during afternoon session.

Prices were choppy in both sessions, moving in positive and negative territory amid both short covering and long liquidation, which pulled the market in both directions, trade participants said. Concerns over Malaysia's rains, which may drag down palm oil output by a double-digit percentage, and the holiday season were supportive for the market.

Many investors wanted to close positions due to the upcoming holidays. The BMD will be closed Friday in observance of the Muslim Eid al-Adha holiday. Market participants said prices could rise further next week, to MYR2,520-MYR2,600 levels.

Cargo surveyors are expected to issue estimates Monday of Malaysia's November palm oil exports. While it is too early to make a projection for the data, a strong vessel line-up indicates exports may have risen 16%-21% to around 1.37 million tons, from 1.13 million-1.18 million tons recorded in the Nov. 1-25 period, according to shipping executives. November exports would be marginally lower than shipments of 1.42 million-1.43 million tons in October. The lower output in November will support prices, as feedback from plantations suggest output is already down 10%-15%. Malaysia's palm oil output rose to a record 1.99 million tons in October.

At 1032 GMT during the Globex electronic session, light, sweet crude for January delivery was trading $1.04 lower at $76.92 a barrel on the New York Mercantile Exchange. Trading on the Chicago Board of Trade was closed for the U.S. Thanksgiving holiday.

In the cash market, cash palm olein for April/May/June was earlier traded at $772.50/ton and $770/ton while February/March traded at $762/ton, FOB Malaysian ports, said a Singapore-based trading executive. Cash CPO for prompt delivery was offered at MYR2,440/ton. A total of 22,533 lots of CPO were traded on the BMD versus 20,614 lots Wednesday. The open interest was 94,368 lots Thursday, down from 94,420 lots. One lot is equivalent to 25 tons.

 

[Sony_Boy]

Salam Aidil Adha untuk semua warga CG and FCPO traders..​

 

[Sony_Boy]

Palm futures seen staying firm

Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to stay firm next week on production concerns due to the monsoon, dealers said. They said the heavy rains would encourage investors to take heavy positions.

"The commodity will continue to be in short supply. Exports will surpass production next month as the monsoon season will dampen yields and the floods will also cause difficulties to transport the product to refineries and ports," a dealer said.

He said the CPO prices were expected to be traded at between RM2,450 and RM2,550 per tonne next week. The market was traded mostly higher throughout the holiday-shortened week. It was closed on Friday for Hari Raya Aidiladha celebrations.

On Thursday-to-Friday basis, CPO futures for December 2009 contract surged RM88 to RM2,458 a tonne, January 2010 rose RM80 to RM2,472, February 2010 added RM63 to RM2,482 and March 2010 gained RM70 to RM2,485.

Turnover declined to 76,799 lots from 85,312 lots last week while open position slipped to 94,308 contracts from 96,736 contracts previously. On the physical market, the newly-traded December South contract ended the week at RM2,440 per tonne. The November South contract expired this week. -- Bernama

 

[Sony_Boy]

Pullback likely but not a bear CPO futures mart

OBSERVATIONS: The Kuala Lumpur CPO futures market is likely to beat a retreat in early trade this week - for two reasons.

The first is that, having risen to a 15-week high of RM2,521 a tonne last week, this market is high up in technical overbought territory and is ripe for a correction. The actively-traded February 2010 contract settled last Thursday (the market was closed last Friday for the Aidiladha festival) at RM2,482, up RM63 or 2.60 per cent over the week.

The second reason is that, having been closed last Friday for the Aidiladha holiday, this market was unable to react to the fallout from the crisis of confidence resulting from the Dubai sovereign debt deferment (many analysts call it a default). It will have to play catch-up (or catch-down?) with the falls in world equities and commodities markets overall.

The Dubai government, through Dubai World, reportedly owes US$59 billion (US$1 = RM3.38) and has asked its creditors for a six-month deferment in repayment. But there's no guarantee repayment will be forthcoming even after the six months is up. If the present crisis of confidence is confined to the Gulf region, it could blow over and turn out to be a storm in a teacup. But if it escalates into a major sovereign default problem, which would then resonate across global emerging markets in the same way that Argentina did in the early 2000s or Russia in the late 1990s, then world equity and commodity markets will feel the pain. There's no telling now how the present debacle will pan out. So, market players may well heed this market maxim: when in doubt stay out. Which could halt the present short-term palm oil futures bull run in its tracks.

Conclusion: RM2,340 is the immediate short-term support level and this market has quite a long way to fall from last week's closing price of RM2,482 before it can technically be classified as having turned into a short-term bear.

 

[Sony_Boy]

Asian CPO ends down; likely lower output offsets Dubai fears

(Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended down Monday but off intraday lows as likely lower palm oil output offset selling pressure triggered by Dubai's debt crisis.

The benchmark February contract on the Bursa Malaysia Derivatives exchange ended MYR10 lower at MYR2,472 a metric ton after moving in a MYR2,452-MYR2,484/ton range.

Prices were trading mostly in negative territory in both sessions as investors took profits on Dubai debt fears. Palm oil's strong fundamentals, likely lower palm oil output in November and a rebound in crude oil and soyoil futures during Asian trading hours limited losses, said trade participants.

Planters say Malaysia's November palm oil output may have dropped 10%-15% compared with October's record high of 1.99 million tons. But trade participants are concerned that palm oil inventories may rise above the 2 million ton psychological level as palm oil imports are expected to be higher on month, said a senior trading executive in Kuala Lumpur.

Should domestic palm reserves rise above 2 million tons, it's likely that palm oil prices will ease from current levels to around MYR2,300, said the trading executive. The government-linked Malaysian Palm Oil Board last month put Malaysia's palm oil stocks at 1.98 million tons. Trading activity was fairly subdued after a public holiday Friday. "Trading in palm oil futures is most likely going to be subdued ahead of the price outlook conference in Bali this week," said a Singapore-based trading executive.

At 0958 GMT during the Globex electronic session, light, sweet crude for January delivery was trading 40 cents higher at $76.45 a barrel on the New York Mercantile Exchange. December soyoil on the Chicago Board of Trade was trading 19 points higher at 40.29 cents a pound on e-CBOT by the end of trade on the BMD.

Earlier in the day, cargo surveyors estimated Malaysia's palm oil exports in November at 1.42 million to 1.46 million tons. The figures exceeded market expectations of 1.37 million to 1.42 million tons, giving support for prices to come off lows, said trade participants.

In the cash market, cash palm olein for January/February/March earlier traded at $760/ton and April/May/June at $762.50/ton and $767.50/ton, FOB Malaysian ports, said a Singapore-based trading executive. Cash CPO for prompt delivery was offered MYR10 lower at MYR2,430/ton. A total of 17,307 lots of CPO were traded on the BMD versus 22,533 lots Thursday. Open interest was 91,006 lots Monday, down from 94,368 lots. One lot is equivalent to 25 tons.