MARKET DEVELOPMENT
Vegoils: Market Factors to Watch on Monday June 29
Vegoils: Market Factors to Watch on Monday June 29
29/06/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday June 29.
FUNDAMENTALS
* Malaysian palm oil futures rose in light trade on Friday to post their first weekly gain in three as the ringgit continued to retreat, but caution over Indonesia's new palm export levies kept prices in a tight trading band.
* U.S. wheat futures notched their biggest weekly advance in three years on Friday as worries about excessive rains in the Midwest and uncertainty over global crop prospects triggered aggressive fund short-covering, analysts said.
* Crude futures ended little changed on Friday after signs Greece might have a deal by the weekend to avoid a debt default, while Iran faced continued difficulty in securing an nuclear agreement to end sanctions on its oil exports.
MARKET NEWS
* U.S. stock futures and the euro fell almost 2 percent in early Asian trade on Monday as Greece looks set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs.
RELATED
> PREVIEW-U.S. corn use remains high despite bird flu
> Ukraine weather forecasters revise up 2015 wheat crop forecast
> U.S. Big Corn goes after old foe, sugar, with new lobbying tactic
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's June palm oil exports on June 30.
Palm, soy and crude oil prices at 0012 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 5170 +10.00 5154 5204 378832
CHINA SOYOIL JAN6 5850 -16.00 5832 5894 258864
CBOT SOY OIL DEC5 33.57 -0.60 33.42 33.58 658
INDIA PALM OIL JUN5 453.70 -0.60 451.50 454.60 1136
INDIA SOYOIL AUG5 586.50 -1.45 584.40 589.90 61495
NYMEX CRUDE AUG5 58.80 -0.83 58.63 59.12 7502
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 in light trade on Friday to post their first weekly gain in three as the ringgit continued to retreat, but caution over Indonesia's new palm export levies kept prices in a tight trading band.
* U.S. wheat futures notched their biggest weekly advance in three years on Friday as worries about excessive rains in the Midwest and uncertainty over global crop prospects triggered aggressive fund short-covering, analysts said.
* Crude futures ended little changed on Friday after signs Greece might have a deal by the weekend to avoid a debt default, while Iran faced continued difficulty in securing an nuclear agreement to end sanctions on its oil exports.
MARKET NEWS
* U.S. stock futures and the euro fell almost 2 percent in early Asian trade on Monday as Greece looks set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs.
RELATED
> PREVIEW-U.S. corn use remains high despite bird flu
> Ukraine weather forecasters revise up 2015 wheat crop forecast
> U.S. Big Corn goes after old foe, sugar, with new lobbying tactic
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's June palm oil exports on June 30.
Palm, soy and crude oil prices at 0012 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 5170 +10.00 5154 5204 378832
CHINA SOYOIL JAN6 5850 -16.00 5832 5894 258864
CBOT SOY OIL DEC5 33.57 -0.60 33.42 33.58 658
INDIA PALM OIL JUN5 453.70 -0.60 451.50 454.60 1136
INDIA SOYOIL AUG5 586.50 -1.45 584.40 589.90 61495
NYMEX CRUDE AUG5 58.80 -0.83 58.63 59.12 7502
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