MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Dec 30
VEGOILS-Market Factors to Watch Dec 30
30/12/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil rose for an eighth consecutive session on Monday to its highest since Nov. 12 as floods in the country's key producing states reduced supplies of the world's most traded vegetable oil.
* U.S. corn futures declined on Monday on technical selling and profit-taking after stronger-than-expected weekly export sales earlier lifted the market to its highest in nearly six months.
* Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.
MARKET NEWS
* Shares edged higher in major markets on Monday despite a flight to safety triggered by a sell-off in Greek bonds, while crude oil prices tumbled after short-lived bounce.
RELATED
> New Year's rain seen refreshing Argentina soy, corn
> Hot air mass to keep Brazil coffee and cane belt dry
> Malaysia's monsoon floods seen crippling December palm supply -industry
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's December palm oil exports on Dec. 31
Palm, soy and crude oil prices at 0017 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 5068 +38.00 5058 5130 344760
CHINA SOYOIL MAY5 5720 +30.00 5708 5794 156260
CBOT SOY OIL MAR5 32.93 +17.70 0.00 0.00 0
INDIA PALM OIL DEC4 460.50 +17.70 453.60 460.50 869
INDIA SOYOIL JAN5 642.90 +7.60 642.00 654.30 97545
NYMEX CRUDE FEB5 53.61 +0.00 53.56 53.77 1290
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 rose for an eighth consecutive session on Monday to its highest since Nov. 12 as floods in the country's key producing states reduced supplies of the world's most traded vegetable oil.
* U.S. corn futures declined on Monday on technical selling and profit-taking after stronger-than-expected weekly export sales earlier lifted the market to its highest in nearly six months.
* Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.
MARKET NEWS
* Shares edged higher in major markets on Monday despite a flight to safety triggered by a sell-off in Greek bonds, while crude oil prices tumbled after short-lived bounce.
RELATED
> New Year's rain seen refreshing Argentina soy, corn
> Hot air mass to keep Brazil coffee and cane belt dry
> Malaysia's monsoon floods seen crippling December palm supply -industry
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's December palm oil exports on Dec. 31
Palm, soy and crude oil prices at 0017 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 5068 +38.00 5058 5130 344760
CHINA SOYOIL MAY5 5720 +30.00 5708 5794 156260
CBOT SOY OIL MAR5 32.93 +17.70 0.00 0.00 0
INDIA PALM OIL DEC4 460.50 +17.70 453.60 460.50 869
INDIA SOYOIL JAN5 642.90 +7.60 642.00 654.30 97545
NYMEX CRUDE FEB5 53.61 +0.00 53.56 53.77 1290
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