PALM NEWS MALAYSIAN PALM OIL BOARD Monday, 06 Apr 2026

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MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Dec 8
calendar08-12-2014 | linkReuters | Share This Post:

08/12/2014 (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 Friday, reversing most of the week's steep losses as cautious investors held back from another sell-off, and instead pinned hopes on output and stockpiles easing in December.

* Soybeans climbed to a one-week high on Friday with a boost from strong export demand and meal prices, ahead of a key U.S. government crop report next week.

* U.S. crude oil closed at its lowest since July 2009 on Friday as Brent averaged below $70 a barrel in the week for the first time since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood.

MARKET NEWS

* An unusually strong U.S. jobs report lifted the dollar to a five-and-a-half-year high against a basket of currencies on Friday and drove stocks higher, led by financial shares.

RELATED

> Pakistan's palm oil imports seen up in 2015 -industry
> Malaysia's Nov palm stocks to hit 21-mth high as supply overtakes demand

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> India's Nov soymeal exports nearly quadruple on supplies
> China's Zhengzhou exchange to start night trading in cotton, sugar
> Soybeans surge to 1-week high on export demand, meal strength
> China looking to curb fertilizer, pesticide use
> Asia coffee traders see opportunity in smaller Brazil crop
> Speculators nearly double bearish sugar bet -CFTC

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Dec. 1-10 palm oil exports on Dec. 10.

> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-November palm oil stocks, exports and production on Dec. 10.

Palm, soy and crude oil prices at 0017 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 5050 +22.00 5036 5066 498828

CHINA SOYOIL MAY5 0 +0.00 0 0 0

CBOT SOY OIL JAN5 32.15 -3.50 0.00 0.00 0

INDIA PALM OIL DEC4 427.90 -3.50 427.50 432.00 1378

INDIA SOYOIL DEC4 573.70 +3.60 570.00 574.10 17465

NYMEX CRUDE JAN5 64.82 -1.02 64.63 65.55 4983

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