MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch June 22
VEGOILS-Market Factors to Watch June 22
22/06/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures recovered after hitting three-week lows on Friday as the ringgit eased, although steep losses earlier this week dragged the tropical oil to its second straight weekly loss.
* Chicago Board of Trade soybean futures fell on Friday, setting back from a three-day rally on a round of profit-taking after prices hit their highest in more than a month, traders said.
* Crude oil fell about 2 percent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.
MARKET NEWS
* U.S. stock futures jumped in early Asian trade on Monday after Greek Prime Minister Alexis Tsipras offered a new package of reforms to foreign creditors - a ray of hope for a last-minute deal at the emergency euro zone summit meeting later in the day.
RELATED
> Argentina's Fernandez may wield big influence after presidency
> Food price surge puts India's Rajan on the back foot
> Port workers set to strike on Tuesday at Argentine grains hub
> Malaysia's June 1-20 palm oil exports rise 0.4 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 0039 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 0 +0.00 0 0 0
CHINA SOYOIL JAN6 0 +0.00 0 0 0
CBOT SOY OIL JUL5 32.57 -0.30 32.50 32.66 481
INDIA PALM OIL JUN5 450.00 -0.30 447.20 453.20 1052
INDIA SOYOIL AUG5 581.90 +0.35 576.50 585.30 76840
NYMEX CRUDE JUL5 59.45 -0.16 59.24 59.49 211
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 recovered after hitting three-week lows on Friday as the ringgit eased, although steep losses earlier this week dragged the tropical oil to its second straight weekly loss.
* Chicago Board of Trade soybean futures fell on Friday, setting back from a three-day rally on a round of profit-taking after prices hit their highest in more than a month, traders said.
* Crude oil fell about 2 percent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.
MARKET NEWS
* U.S. stock futures jumped in early Asian trade on Monday after Greek Prime Minister Alexis Tsipras offered a new package of reforms to foreign creditors - a ray of hope for a last-minute deal at the emergency euro zone summit meeting later in the day.
RELATED
> Argentina's Fernandez may wield big influence after presidency
> Food price surge puts India's Rajan on the back foot
> Port workers set to strike on Tuesday at Argentine grains hub
> Malaysia's June 1-20 palm oil exports rise 0.4 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 0039 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 0 +0.00 0 0 0
CHINA SOYOIL JAN6 0 +0.00 0 0 0
CBOT SOY OIL JUL5 32.57 -0.30 32.50 32.66 481
INDIA PALM OIL JUN5 450.00 -0.30 447.20 453.20 1052
INDIA SOYOIL AUG5 581.90 +0.35 576.50 585.30 76840
NYMEX CRUDE JUL5 59.45 -0.16 59.24 59.49 211
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