BMD FCPO FUTURES DAILY COMMENTARY 20th April 2021 (Tuesday)

32nd Floor, Menara TA One, 22 Jalan P. Ramlee, 50250 Kuala Lumpur, Malaysia.
For comments and enquiries, please contact us at Tel: +603-2072-4832
Fax: +603-2072-5001,Website : www.tafutures.com.my

Settlement Open Interest

Month Open High Low Price Volume
Changes Lots Changes
(MYR)
May-21 4181 4185 4147 4180 -11 825 13271 -1596
Jun-21 3936 3936 3866 3909 -13 6188 38604 -2115
Jul-21 3726 3726 3666 3710 -6 16806 41945 2178
Aug-21 3588 3595 3550 3586 -3 4424 23579 -464
Sep-21 3494 3494 3453 3489 2 3405 23821 37
Oct-21 3418 3420 3382 3417 -1 2183 17607 310
Total 36,208 206,236

Price differential between CBOT

CBOT Soyoil July'21 (USD per pound) 54.50 54.55 53.68 53.87 -0.37 Soybean Oil and BMD Futures $287.57
NYMEX Crude Oil Jun'21 (USD per barrel) 63.01 63.69 62.67 63.43 0.24 CPO

DCE Palm Oil Sep'21 (RMB per tonne) 7100 7188 7044 7100 46
Malaysian Ringgit Spot (USD/MYR) 4.1250 4.1295 4.1210 4.1220 -0.0020
CBOT Soybean May'21 (US Cents per lb) 1430 1441 3/4 1423 2/4 1436 2/4 14
EU Palm Oil RBD dlrs tonne fob Apr'21 (USD per tonne fob) 1,057.50 -2.50
Source : Reuters

Apr '21 May '21 Jun '21 July '21

CPO Physical Price as per MPOB (Local Delivery)- 15 Apr 2021
4,163.00 4,113.00 NT NT
Source : MPOB

Estimated Ex port Volume

Amspec (Tonnes) SGS (Tonnes) ITS (Tonnes)
PERIODS Feb'21 Mar'21 Apr'21 Changes Feb'21 Mar'21 Apr'21 Changes Feb'21 Mar'21 Apr'21 Changes
1 to 10 399,529 311,198 343,356 10.30% 409,817 334,556 344,039 2.80% 400,375 309,898 345,010 11.30%
1 to 15 554,872 517,725 585,510 13.10% 542,709 549,273 583,875 6.30% 530,545 507,283 585,280 15.40%
1 to 20 697,794 745,260 734,622 733,668 698,380 734,463
1 to 25 921,929 1,017,730 967,845 1,014,162 919,765 1,011,433
Full month 1,000,854 1,277,255 1,052,779 1,245,567 1,001,440 1,270,058
Source : Reuters

MPO B (ton n e ) O ct'20 Nov'20 De c'20 Jan '21 Fe b'21 Mar'21 C h an ge s

P roduct ion 1,724,559 1,491,551 1,333,639 1,126,457 1,105,590 1,423,354 28.43%
Export 1,674,304 1,303,271 1,642,835 947,539 895,556 1,182,084 31.83%
End st ock 1,573,665 1,561,758 1,265,698 1,324,626 1,300,808 1,445,970 10.72%
Source : MPOB
Highlights:
 Malaysian palm oil futures eased on Monday on expectations for rising production and as a surge in COVID-19 cases in
top importer India and other countries ignited demand concerns
 CBOT futures closed higher on Monday on technical buying, firm domestic cash markets and spill over strength
from corn, as the market continues to draw support from fears of a possible shortfall in U.S. soybean plantings
 Oil prices edged higher on Monday, supported by a weaker U.S. dollar but gains were capped by concerns about
the impact on demand from rising coronavirus cases in India
 The ringgit ended higher against the US dollar yesterday on a broad weakness of the greenback due to lower US
Treasury yields
 European Union palm oil imports in the 2020/21 season that started last July stood at 4.23 million tonnes by April
18, down from 4.55mil tonnes a year ago, data published by the European Commission showed on Monday
 Lockdowns, local restrictions and the rising fear of Covid-19 have impacted basmati rice and palm oil demand in
the past one and a half months with Basmati rice sales having dropped by 20% since the beginning of March and
demand for palm oil, the main cooking oil for hotels and restaurants, falling by 10%
Source: Reuters
Trading futures on margin carries a high level of risk and may not be suitable for many members of the public. Please read and understand the terms and conditions
applicable and the risks as well as charges involved before trading, investing or subscribing to the products and services offered. Please also consider your investment
objectives, level of experience and risk appetite prior to making any decision. This report is meant for reference material only, and it can change without prior notice. We
do not assume any liability for any direct or indirect losses arising from the use of this report.
 BMD FCPO FUTURES DAILY COMMENTARY 20th April 2021 (Tuesday)
32nd Floor, Menara TA One, 22 Jalan P. Ramlee, 50250 Kuala Lumpur, Malaysia.
For comments and enquiries, please contact us at Tel: +603-2072-4832
Fax: +603-2072-5001,Website : www.tafutures.com.my

Source: Reuters

Trading futures on margin carries a high level of risk and may not be suitable for many members of the public. Please read and understand the terms and conditions
applicable and the risks as well as charges involved before trading, investing or subscribing to the products and services offered. Please also consider your investment
objectives, level of experience and risk appetite prior to making any decision. This report is meant for reference material only, and it can change without prior notice. We
do not assume any liability for any direct or indirect losses arising from the use of this report.