MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch July 15
VEGOILS-Market Factors to Watch July 15
15/07/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose for the fourth consecutive session on short-covering ahead of holidays and strength in Chicago soybean futures.
* U.S. corn futures retreated from an earlier one-year high and fell nearly 3 percent on Tuesday on technical selling and forecasts for crop-friendly weather in the United States.
* Oil rose on Tuesday, reversing early losses and settling higher after it became apparent that a nuclear deal between Tehran and six global powers will not immediately remove sanctions placed on Iranian crude exports.
MARKET NEWS
* Stock markets worldwide rose modestly on Tuesday after a landmark nuclear deal between Tehran and six global powers left sanctions on Iran in place for now, spurring gains in energy shares,while expectations for weak corporate results capped U.S. share gains.
RELATED
> Flooding halts Illinois River barges, corn export costs jump
> U.S. House committee approves anti-GMO labeling law
> Monsanto says panel to review WHO finding on cancer link to herbicide
> European wheat slips to two-week low on harvest progress
> Iran deal could help India boost exports by over a third -trade body
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's July 1-25 palm oil exports on July 15.
Palm, soy and crude oil prices at 0019 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 4950 +10.00 4914 4978 317798
CHINA SOYOIL JAN6 5738 +32.00 5690 5766 361430
CBOT SOY OIL DEC5 32.63 -0.40 32.51 32.69 756
INDIA PALM OIL JUL5 432.60 -0.40 432.20 435.20 802
INDIA SOYOIL AUG5 580.40 -3.20 580.00 586.50 46345
NYMEX CRUDE AUG5 53.27 +0.23 52.65 54.00 2848
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 for the fourth consecutive session on short-covering ahead of holidays and strength in Chicago soybean futures.
* U.S. corn futures retreated from an earlier one-year high and fell nearly 3 percent on Tuesday on technical selling and forecasts for crop-friendly weather in the United States.
* Oil rose on Tuesday, reversing early losses and settling higher after it became apparent that a nuclear deal between Tehran and six global powers will not immediately remove sanctions placed on Iranian crude exports.
MARKET NEWS
* Stock markets worldwide rose modestly on Tuesday after a landmark nuclear deal between Tehran and six global powers left sanctions on Iran in place for now, spurring gains in energy shares,while expectations for weak corporate results capped U.S. share gains.
RELATED
> Flooding halts Illinois River barges, corn export costs jump
> U.S. House committee approves anti-GMO labeling law
> Monsanto says panel to review WHO finding on cancer link to herbicide
> European wheat slips to two-week low on harvest progress
> Iran deal could help India boost exports by over a third -trade body
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's July 1-25 palm oil exports on July 15.
Palm, soy and crude oil prices at 0019 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 4950 +10.00 4914 4978 317798
CHINA SOYOIL JAN6 5738 +32.00 5690 5766 361430
CBOT SOY OIL DEC5 32.63 -0.40 32.51 32.69 756
INDIA PALM OIL JUL5 432.60 -0.40 432.20 435.20 802
INDIA SOYOIL AUG5 580.40 -3.20 580.00 586.50 46345
NYMEX CRUDE AUG5 53.27 +0.23 52.65 54.00 2848
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