MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch May 26
VEGOILS-Market Factors to Watch May 26
26/05/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures edged down on Friday, falling for five out of six sessions as a stronger ringgit dampened buying interest from overseas investors and refiners.
* U.S. soybean futures eased on Friday as investors unwound spreads and squared positions ahead of the Memorial Day holiday weekend but the market still registered its strongest weekly advance in five weeks on worries about tight U.S. supplies.
* Brent and U.S. crude futures pushed higher on Friday, supported by the crises in Ukraine and Libya as well as positive economic data in the world's top two oil consumers, the United States and China.
MARKET NEWS
* Global equity markets edged higher on Friday after better-than-expected U.S. housing data lifted Wall Street into record territory, while yields on U.S. Treasuries fell on uncertainty about elections in Ukraine over the weekend.
RELATED
> China to sell 300,000 T of soybeans from reserves next week
> US may adjust 2014 corn ethanol target after outcry -sources
> Serbia reconnects part of largest power plant to grid after flooding
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release Malaysia's May 1-25 palm oil export data on May 26.
Palm, soy and crude oil prices at 0032 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN4 0 +0.00 0 0 0
MY PALM OIL JUL4 0 +0.00 0 0 0
MY PALM OIL AUG4 0 +0.00 0 0 0
CHINA PALM OLEIN SEP4 0 +0.00 0 0 0
CHINA SOYOIL SEP4 0 +0.00 0 0 0
CBOT SOY OIL JUL4 40.38 +0.00 0.00 0.00 0
NYMEX CRUDE JUL4 104.14 -0.21 104.11 104.34 1332
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
Crude in U.S. dollars per barrel
FUNDAMENTALS
* Malaysian palm oil futures edged down on Friday, falling for five out of six sessions as a stronger ringgit dampened buying interest from overseas investors and refiners.
* U.S. soybean futures eased on Friday as investors unwound spreads and squared positions ahead of the Memorial Day holiday weekend but the market still registered its strongest weekly advance in five weeks on worries about tight U.S. supplies.
* Brent and U.S. crude futures pushed higher on Friday, supported by the crises in Ukraine and Libya as well as positive economic data in the world's top two oil consumers, the United States and China.
MARKET NEWS
* Global equity markets edged higher on Friday after better-than-expected U.S. housing data lifted Wall Street into record territory, while yields on U.S. Treasuries fell on uncertainty about elections in Ukraine over the weekend.
RELATED
> China to sell 300,000 T of soybeans from reserves next week
> US may adjust 2014 corn ethanol target after outcry -sources
> Serbia reconnects part of largest power plant to grid after flooding
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release Malaysia's May 1-25 palm oil export data on May 26.
Palm, soy and crude oil prices at 0032 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN4 0 +0.00 0 0 0
MY PALM OIL JUL4 0 +0.00 0 0 0
MY PALM OIL AUG4 0 +0.00 0 0 0
CHINA PALM OLEIN SEP4 0 +0.00 0 0 0
CHINA SOYOIL SEP4 0 +0.00 0 0 0
CBOT SOY OIL JUL4 40.38 +0.00 0.00 0.00 0
NYMEX CRUDE JUL4 104.14 -0.21 104.11 104.34 1332
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
Crude in U.S. dollars per barrel