MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch June 16
VEGOILS-Market Factors to Watch June 16
16/06/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures extended losses for a second day on Monday, tracking declines in competing markets, while data showing an increase in shipments from Malaysia in June and a new Indonesian export levy provided little support.
* Chicago Board of Trade wheat futures sank 2.9 percent on Monday, hitting a two-week low on expectations that drier conditions in the U.S. Plains will allow farmers to harvest a bumper crop, traders said.
* Oil prices fell in volatile trading on Monday as the Greek debt crisis raised concerns about demand for petroleum in Europe and as the U.N. started talks to try to bring peace to Yemen, where OPEC heavyweight Saudi Arabia is involved in a civil war.
MARKET NEWS
*Stock markets around the world fell on Monday, pressured by the collapse of 11th-hour talks between the near-bankrupt Greece and its creditors, with investors worried about the possibility the country could default.
RELATED
> USDA says most corn, soy farmers opt for ARC price subsidy
> Argentine 2015/16 wheat area likely similar to last season -minister
> Rain sprinkles Western Canada canola fields, pastures
> Indonesia delays start date for palm export levy to July 1 -minister
> Malaysia's Jun 1-15 palm oil exports rose 6.7 pct -SGS
> Malaysia's June 1 - 15 palm oil exports rise 5.8 pct -ITS
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's June 1-20 palm oil exports on June 22.
Palm, soy and crude oil prices at 0018 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL5 0 +0.00 0 0 0
MY PALM OIL AUG5 0 +0.00 0 0 0
MY PALM OIL SEP5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 5144 -8.00 5106 5164 283974
CHINA SOYOIL JAN6 5850 +14.00 5790 5872 167368
CBOT SOY OIL JUL5 32.82 -5.40 32.69 32.82 1266
INDIA PALM OIL JUN5 450.00 -5.40 449.50 455.50 1399
INDIA SOYOIL JUN5 605.80 -1.85 605.80 608.00 4790
NYMEX CRUDE JUL5 59.56 +0.04 59.48 59.65 1026
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