MARKET DEVELOPMENT
Vegoils: Market Factors to watch Nov 25 Tuesday
Vegoils: Market Factors to watch Nov 25 Tuesday
25/11/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.
FUNDAMENTALS
* Malaysian palm oil futures slipped to their lowest in over a week on Monday as gains in the local currency made the ringgit-denominated commodity more expensive for overseas buyers and refiners.
* Chicago Board of Trade corn futures fell on Monday for a second straight session on lackluster export demand and plentiful U.S. supplies as a record-large harvest wound down, traders said.
* Crude prices ended lower, with Brent below $80 a barrel, after a volatile session on Monday as Russia's offer to add to OPEC output cuts led some to bet the group will agree on a higher production cut than thought when it meets this week.
MARKET NEWS
* World equities markets climbed on Monday, boosted by deal activity in Europe and ongoing expectations for more stimulus from the world's major central banks.
RELATED
> Saudi Arabia buys 345,000 tonnes of hard wheat - GSFMO
> Indonesia's palm revolution runs off track for smallholders
> Around 11 pct of Ukraine winter grain crop has not sprouted
> Sunshine and showers help main Ivory Coast cocoa crop
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Nov. 1-25 palm oil exports on Nov 25.
Palm, soy and crude oil prices at 0013 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC4 0 +0.00 0 0 0
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 5308 -36.00 5286 5322 377364
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL JAN5 33.38 -4.30 0.00 0.00 0
INDIA PALM OIL NOV4 446.70 -4.30 446.50 451.80 404
NYMEX CRUDE JAN5 75.65 -0.13 75.47 75.76 963
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
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel
FUNDAMENTALS
* Malaysian palm oil futures slipped to their lowest in over a week on Monday as gains in the local currency made the ringgit-denominated commodity more expensive for overseas buyers and refiners.
* Chicago Board of Trade corn futures fell on Monday for a second straight session on lackluster export demand and plentiful U.S. supplies as a record-large harvest wound down, traders said.
* Crude prices ended lower, with Brent below $80 a barrel, after a volatile session on Monday as Russia's offer to add to OPEC output cuts led some to bet the group will agree on a higher production cut than thought when it meets this week.
MARKET NEWS
* World equities markets climbed on Monday, boosted by deal activity in Europe and ongoing expectations for more stimulus from the world's major central banks.
RELATED
> Saudi Arabia buys 345,000 tonnes of hard wheat - GSFMO
> Indonesia's palm revolution runs off track for smallholders
> Around 11 pct of Ukraine winter grain crop has not sprouted
> Sunshine and showers help main Ivory Coast cocoa crop
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Nov. 1-25 palm oil exports on Nov 25.
Palm, soy and crude oil prices at 0013 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC4 0 +0.00 0 0 0
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 5308 -36.00 5286 5322 377364
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL JAN5 33.38 -4.30 0.00 0.00 0
INDIA PALM OIL NOV4 446.70 -4.30 446.50 451.80 404
NYMEX CRUDE JAN5 75.65 -0.13 75.47 75.76 963
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
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel