MARKET DEVELOPMENT
Vegoils: Market Factors to Watch Monday March 9
Vegoils: Market Factors to Watch Monday March 9
09/03/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday March 9.
FUNDAMENTALS
* Malaysian palm oil futures fell on Friday to record their first weekly fall in four, weighed down weak soy contracts, and as the market grappled with
abundant supplies of rival oilseeds.
* Corn fell 1 percent on Friday and soybeans weakened slightly due to ample supplies and a stronger dollar, which made U.S. exports pricier.
* Crude oil prices closed down on Friday, with benchmark Brent losing its most in a week since January, as a resurgent dollar and fear of a U.S. rate hike
diverted attention from the shrinking number of rigs drilling for oil in the United States.
MARKET NEWS
* A robust U.S. jobs report raised concern in markets on Friday that the Federal Reserve may raise interest rates sooner than previously thought, hammering U.S.
stock and bond prices.
RELATED
> Genting Plantations, Musim Mas to build 600,000 t/y palm refinery
> PREVIEW-Malaysia's Feb palm stocks seen at 8-month low; exports weak
> China may sell soy reserves, refill with Brazilian imports -think tank
> China's commodity imports slow in February amid annual holiday
> Argentina says "worried" about soy field flooding in 3 provinces
> Brazil's top soybean state troubled by stagnant yields
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's March 1-10 palm oil exports on March 10.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-February palm oil stocks, exports and production on March 10.
Palm, soy and crude oil prices at 0036 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAR5 0 +0.00 0 0 0
MY PALM OIL APR5 0 +0.00 0 0 0
MY PALM OIL MAY5 0 +0.00 0 0 0
CHINA PALM OLEIN SEP5 4800 -62.00 4760 4834 129372
CHINA SOYOIL SEP5 5490 -44.00 5466 5516 139704
CBOT SOY OIL MAY5 31.36 +0.00 31.27 31.41 529
INDIA PALM OIL MAR5 455.70 +0.00 452.20 455.70 446
INDIA SOYOIL APR5 582.00 +0.90 578.50 582.10 4520
NYMEX CRUDE APR5 49.49 -0.12 49.32 49.76 3534
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 fell on Friday to record their first weekly fall in four, weighed down weak soy contracts, and as the market grappled with
abundant supplies of rival oilseeds.
* Corn fell 1 percent on Friday and soybeans weakened slightly due to ample supplies and a stronger dollar, which made U.S. exports pricier.
* Crude oil prices closed down on Friday, with benchmark Brent losing its most in a week since January, as a resurgent dollar and fear of a U.S. rate hike
diverted attention from the shrinking number of rigs drilling for oil in the United States.
MARKET NEWS
* A robust U.S. jobs report raised concern in markets on Friday that the Federal Reserve may raise interest rates sooner than previously thought, hammering U.S.
stock and bond prices.
RELATED
> Genting Plantations, Musim Mas to build 600,000 t/y palm refinery
> PREVIEW-Malaysia's Feb palm stocks seen at 8-month low; exports weak
> China may sell soy reserves, refill with Brazilian imports -think tank
> China's commodity imports slow in February amid annual holiday
> Argentina says "worried" about soy field flooding in 3 provinces
> Brazil's top soybean state troubled by stagnant yields
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's March 1-10 palm oil exports on March 10.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-February palm oil stocks, exports and production on March 10.
Palm, soy and crude oil prices at 0036 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAR5 0 +0.00 0 0 0
MY PALM OIL APR5 0 +0.00 0 0 0
MY PALM OIL MAY5 0 +0.00 0 0 0
CHINA PALM OLEIN SEP5 4800 -62.00 4760 4834 129372
CHINA SOYOIL SEP5 5490 -44.00 5466 5516 139704
CBOT SOY OIL MAY5 31.36 +0.00 31.27 31.41 529
INDIA PALM OIL MAR5 455.70 +0.00 452.20 455.70 446
INDIA SOYOIL APR5 582.00 +0.90 578.50 582.10 4520
NYMEX CRUDE APR5 49.49 -0.12 49.32 49.76 3534
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