MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch June 5
VEGOILS-Market Factors to Watch June 5
05/06/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures ended higher on Wednesday after an eight-day losing streak, as the steep fall in prices attracted bargain hunters looking for cheap deals, although anticipation of rising production put a lid on gains.
* U.S. wheat futures edged higher on Wednesday on a round of mild bargain buying following a 10-session losing streak that pushed prices to a three-month low, traders said.
* Brent and U.S. crude ended lower on Wednesday as hopes that a peace plan from Ukraine's president-elect might help ease the crisis with Russian separatists cooled oil's earlier rally.
MARKET NEWS
* Asian share markets mostly tracked sideways on Thursday while the euro flatlined at $1.3600, all hostage to great expectations the European Central Bank will finally end months of dithering by easing policy further.
RELATED
> India's new govt to avoid palm oil duty hike-sources
> Newedge shutters grains desk on CBOT open-outcry floo
> Brazil's Abiove raises outlook for domestic soy crushing
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release Malaysia's June 1-10 palm oil export data on June 10.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-May palm oil stocks, exports and production on June 10.
Palm, soy and crude oil prices at 0058 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 39.14 -0.11 39.14 39.26 1121
NYMEX CRUDE JUL4 102.28 -0.36 102.19 102.43 2590
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 ended higher on Wednesday after an eight-day losing streak, as the steep fall in prices attracted bargain hunters looking for cheap deals, although anticipation of rising production put a lid on gains.
* U.S. wheat futures edged higher on Wednesday on a round of mild bargain buying following a 10-session losing streak that pushed prices to a three-month low, traders said.
* Brent and U.S. crude ended lower on Wednesday as hopes that a peace plan from Ukraine's president-elect might help ease the crisis with Russian separatists cooled oil's earlier rally.
MARKET NEWS
* Asian share markets mostly tracked sideways on Thursday while the euro flatlined at $1.3600, all hostage to great expectations the European Central Bank will finally end months of dithering by easing policy further.
RELATED
> India's new govt to avoid palm oil duty hike-sources
> Newedge shutters grains desk on CBOT open-outcry floo
> Brazil's Abiove raises outlook for domestic soy crushing
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release Malaysia's June 1-10 palm oil export data on June 10.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-May palm oil stocks, exports and production on June 10.
Palm, soy and crude oil prices at 0058 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 39.14 -0.11 39.14 39.26 1121
NYMEX CRUDE JUL4 102.28 -0.36 102.19 102.43 2590
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