0213 GMT [Dow Jones] BMD CPO Futures are tipped to open 20-30 points
higher due to a bullish outlook for corn and soyoil in the USDA's WASDE report
released yesterday, with Dalian and CBOT counterparts as well as crude oil
positive, says an executive at Kuala Lumpur-based brokerage; he adds "exports
look quite good, too, and demand-supply fundamentals are supportive." He tips
MYR4000/ton to be tested today. The Malaysian Palm Oil Board is due to release
output and export data for January today, while cargo surveyors Intertek and SGS
will release Feb. 1-10 export estimates. Traders estimate that Malaysia's palm
oil exports for Feb. 1-10 may be around 430,000 million metric tons, up almost
30% from SGS's estimates for Jan. 1-10 and 43% from Intertek's. The benchmark
April contract on the Bursa Malaysia Derivatives ended 1.1% higher at
MYR3,931/ton yesterday. CBOT March soyoil ended 1.7%, higher at 59.74 cents/lb;
the contract is trading 4 points higher on e-CBOT.