MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Jan 9
VEGOILS-Market Factors to Watch Jan 9
09/01/2015 (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 day to hit a near six-month high on Thursday, on fears that supplies of the tropical oil will be further tightened by another round of monsoon rains in the No.2 grower.
* U.S. wheat futures fell 2.2 percent to a six-week low on Thursday on poor export demand and easing concerns about crop damage despite sub-zero temperatures settling in across key U.S. growing regions, traders said.
* Global oil prices were little changed for a second straight day on Thursday after better-than-expected U.S. jobs data helped the market hold ground after a 10 percent loss earlier in the week.
MARKET NEWS
* Global equity markets surged and the dollar hit a nine-year high on Thursday, lifted by the Federal Reserve's confidence in the U.S. economy and hopes of aggressive new stimulus in Europe.
RELATED
> FAO world food price index falls in December
> Demand for wheat quality powers U.S. spring wheat futures
> Keystone XL clears hurdle in Senate despite Obama veto threat
> Brutal chill hits U.S. Midwest wheat crop
> Argentina denounces farmer soy hoarding, says hurts state income
> Pakistan buys 60,000 T soybeans from Brazil, seek U.S. soy -trade
> Olam International announces fiscal year-end change
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Jan. 1-10 palm oil exports on Jan 12.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-December palm oil stocks, exports and production on Jan 12.
Palm, soy and crude oil prices at 0041 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 5082 +20.00 5064 5092 176668
CHINA SOYOIL MAY5 5758 +16.00 5730 5770 143864
CBOT SOY OIL MAR5 33.76 +3.80 0.00 0.00 0
INDIA PALM OIL JAN5 472.50 +3.80 466.60 473.90 2266
NYMEX CRUDE FEB5 49.38 +0.58 48.90 49.61 4719
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 for a third day to hit a near six-month high on Thursday, on fears that supplies of the tropical oil will be further tightened by another round of monsoon rains in the No.2 grower.
* U.S. wheat futures fell 2.2 percent to a six-week low on Thursday on poor export demand and easing concerns about crop damage despite sub-zero temperatures settling in across key U.S. growing regions, traders said.
* Global oil prices were little changed for a second straight day on Thursday after better-than-expected U.S. jobs data helped the market hold ground after a 10 percent loss earlier in the week.
MARKET NEWS
* Global equity markets surged and the dollar hit a nine-year high on Thursday, lifted by the Federal Reserve's confidence in the U.S. economy and hopes of aggressive new stimulus in Europe.
RELATED
> FAO world food price index falls in December
> Demand for wheat quality powers U.S. spring wheat futures
> Keystone XL clears hurdle in Senate despite Obama veto threat
> Brutal chill hits U.S. Midwest wheat crop
> Argentina denounces farmer soy hoarding, says hurts state income
> Pakistan buys 60,000 T soybeans from Brazil, seek U.S. soy -trade
> Olam International announces fiscal year-end change
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Jan. 1-10 palm oil exports on Jan 12.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-December palm oil stocks, exports and production on Jan 12.
Palm, soy and crude oil prices at 0041 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 5082 +20.00 5064 5092 176668
CHINA SOYOIL MAY5 5758 +16.00 5730 5770 143864
CBOT SOY OIL MAR5 33.76 +3.80 0.00 0.00 0
INDIA PALM OIL JAN5 472.50 +3.80 466.60 473.90 2266
NYMEX CRUDE FEB5 49.38 +0.58 48.90 49.61 4719
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