MARKET DEVELOPMENT
Vegoils: Market Factors to Watch Oct 7 Tuesday
Vegoils: Market Factors to Watch Oct 7 Tuesday
07/04/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.
FUNDAMENTALS
* Malaysian palm oil futures edged up to touch their highest in over three weeks on Friday, with prices recording a second straight weekly gain thanks to firm soyoil markets overseas and a surge in crude palm oil export demand.
* U.S. corn and soybean futures rallied on Monday on concerns that the slowing pace of harvest in the U.S. Midwest will delay deliveries of much-needed supplies, traders said.
* Crude oil futures reversed course on Monday after a massive sell-off last week and ended higher on a slump in the U.S. dollar.
MARKET NEWS
* Global equity markets extended a rally on Monday that drew strength from a U.S. jobs report last week that bolstered confidence in the American economy, but the dollar fell sharply and stocks on Wall Street eased as volatility picked up.
RELATED
> Freeze hits U.S. northern crops; rains to slow southern harvest
> Rain expected in Argentine wheat areas raise fear of more floods
> Brazil soy exporters to police Monsanto biotech seeds -for a fee
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's October 1-10 palm oil exports on Oct. 10.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-September palm oil stocks, exports and production on Oct. 10.
Palm, soy and crude oil prices at 0014 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT4 0 +0.00 0 0 0
MY PALM OIL NOV4 0 +0.00 0 0 0
MY PALM OIL DEC4 0 +0.00 0 0 0
CHINA PALM OLEIN JAN5 0 +0.00 0 0 0
CHINA SOYOIL JAN5 5898 +62.00 5890 5958 313544
CBOT SOY OIL DEC4 33.53 +0.08 33.48 33.55 526
NYMEX CRUDE NOV4 90.36 +0.02 90.32 90.51 1325
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
Crude in U.S. dollars per barrel
FUNDAMENTALS
* Malaysian palm oil futures edged up to touch their highest in over three weeks on Friday, with prices recording a second straight weekly gain thanks to firm soyoil markets overseas and a surge in crude palm oil export demand.
* U.S. corn and soybean futures rallied on Monday on concerns that the slowing pace of harvest in the U.S. Midwest will delay deliveries of much-needed supplies, traders said.
* Crude oil futures reversed course on Monday after a massive sell-off last week and ended higher on a slump in the U.S. dollar.
MARKET NEWS
* Global equity markets extended a rally on Monday that drew strength from a U.S. jobs report last week that bolstered confidence in the American economy, but the dollar fell sharply and stocks on Wall Street eased as volatility picked up.
RELATED
> Freeze hits U.S. northern crops; rains to slow southern harvest
> Rain expected in Argentine wheat areas raise fear of more floods
> Brazil soy exporters to police Monsanto biotech seeds -for a fee
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's October 1-10 palm oil exports on Oct. 10.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-September palm oil stocks, exports and production on Oct. 10.
Palm, soy and crude oil prices at 0014 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT4 0 +0.00 0 0 0
MY PALM OIL NOV4 0 +0.00 0 0 0
MY PALM OIL DEC4 0 +0.00 0 0 0
CHINA PALM OLEIN JAN5 0 +0.00 0 0 0
CHINA SOYOIL JAN5 5898 +62.00 5890 5958 313544
CBOT SOY OIL DEC4 33.53 +0.08 33.48 33.55 526
NYMEX CRUDE NOV4 90.36 +0.02 90.32 90.51 1325
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
Crude in U.S. dollars per barrel