MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Dec 26
VEGOILS-Market Factors to Watch Dec 26
26/12/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose to their highest in nearly a month on Wednesday as monsoon rains pounded the second-largest grower, leading to severe flooding in parts of the country which traders say has affected harvesting and crushing of palm fruit.
* U.S. grain and soybean futures slumped on Wednesday, with wheat dropping by 4 percent in a setback from a rally fueled by concerns over Russian export restrictions.
* Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in.
MARKET NEWS
* U.S. shares ended flat on Wednesday, with the Dow industrials eking out a record close after the latest data showed strength in the world's largest economy, while a mixed economic picture in Europe kept the region's stocks largely in check.
RELATED
> 20:54:08 RTRS - India raises edible oil import taxes to protect local farmers
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Dec. 1-25 palm oil exports on Dec. 26.
Palm, soy and crude oil prices at 0009 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
MY PALM OIL MAR5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 4946 +14.00 4934 4954 85426
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL MAR5 32.05 +1.20 0.00 0.00 0
INDIA PALM OIL DEC4 425.40 +1.20 424.80 429.80 1282
INDIA SOYOIL JAN5 611.70 -0.10 609.50 614.40 51510
NYMEX CRUDE FEB5 55.89 +0.05 55.68 56.07 840
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 rose to their highest in nearly a month on Wednesday as monsoon rains pounded the second-largest grower, leading to severe flooding in parts of the country which traders say has affected harvesting and crushing of palm fruit.
* U.S. grain and soybean futures slumped on Wednesday, with wheat dropping by 4 percent in a setback from a rally fueled by concerns over Russian export restrictions.
* Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in.
MARKET NEWS
* U.S. shares ended flat on Wednesday, with the Dow industrials eking out a record close after the latest data showed strength in the world's largest economy, while a mixed economic picture in Europe kept the region's stocks largely in check.
RELATED
> 20:54:08 RTRS - India raises edible oil import taxes to protect local farmers
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Dec. 1-25 palm oil exports on Dec. 26.
Palm, soy and crude oil prices at 0009 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
MY PALM OIL MAR5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 4946 +14.00 4934 4954 85426
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL MAR5 32.05 +1.20 0.00 0.00 0
INDIA PALM OIL DEC4 425.40 +1.20 424.80 429.80 1282
INDIA SOYOIL JAN5 611.70 -0.10 609.50 614.40 51510
NYMEX CRUDE FEB5 55.89 +0.05 55.68 56.07 840
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