PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 17 Dec 2025

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MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch June 17
calendar17-06-2014 | linkReuters | Share This Post:

17/06/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures rose for a third straight day on Monday as a spike in crude oil prices continued to stoke demand for the tropical oil, although disappointing export data for the first half of the month capped gains.

* Chicago Board of Trade corn futures dropped 1.3 percent on Monday on expectations of a robust U.S. harvest this fall due to good crop weather across the U.S. Midwest, traders said.

* Brent crude oil futures rose on Monday as advances by Sunni insurgents in Iraq fueled concerns over a potential disruption to oil exports from OPEC's second-largest producer.

MARKET NEWS

* Asian shares struck a cautious tone on Tuesday as the double-whammy of a deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for risk.

RELATED

> Malaysia's June 1-15 palm exports fall 7.8 pct -ITS

> Malaysia's Jun 1-15 palm oil exports fell 8.3 pct -SGS

> Malaysia cuts July crude palm oil export tax to 5 pct

> India's May palm oil imports rise ahead of Ramadan

> Malaysia's Felda Global sets sustainability goal

> Wet weather in Ivory Coast could threaten cocoa crop size

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release Malaysia's June 1-20 palm oil export data on June 20.

Palm, soy and crude oil prices at 0050 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUL4 #N/A #N/A #N/A #N/A #N/A

MY PALM OIL AUG4 #N/A #N/A #N/A #N/A #N/A

MY PALM OIL SEP4 #N/A #N/A #N/A #N/A #N/A

CHINA PALM OLEIN SEP4 #N/A #N/A #N/A #N/A #N/A

CHINA SOYOIL JAN5 #N/A #N/A #N/A #N/A #N/A

CBOT SOY OIL JUL4 39.46 -0.04 39.43 39.55 288

NYMEX CRUDE JUL4 106.79 -0.11 106.58 106.84 1295

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