MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch July 28
VEGOILS-Market Factors to Watch July 28
28/07/205 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures declined for a fourth straight session on Monday to their lowest in nearly three weeks as traders sold positions after data showed exports fell this month, and as competing oil markets weighed on prices.
* Chicago Board of Trade corn and soybean futures plunged to their lowest in more than a month on Monday as improving weather for crop development across the U.S. Midwest sparked a round of long liquidation by speculators, traders said.
* Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets sparked concern about the economic health of the world's biggest energy consumer, while evidence of a growing crude glut mounted.
MARKET NEWS
* The biggest rout in Chinese shares in eight years stoked concerns over slowing growth in the world's No. 2 economy on Monday, knocking down global equities and the prices of key commodities.
RELATED
> Armajaro will close commodities fund at end of month -source
> Egypt could import less wheat, to start new local wheat buying system in 2016
> EU crop monitor cuts 2015 maize yield forecast on dry weather
DATA/EVENTS
> nil.
Palm, soy and crude oil prices at 0002 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG5 0 +0.00 0 0 0
MY PALM OIL SEP5 0 +0.00 0 0 0
MY PALM OIL OCT5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4706 -96.00 4688 4752 277774
CHINA SOYOIL JAN6 5440 -86.00 5420 5472 228656
CBOT SOY OIL DEC5 30.56 -3.70 30.54 30.67 230
INDIA PALM OIL JUL5 424.40 -3.70 423.50 427.70 781
INDIA SOYOIL AUG5 565.70 -4.25 565.00 568.80 34250
NYMEX CRUDE SEP5 47.16 -0.23 46.92 47.20 1800
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 declined for a fourth straight session on Monday to their lowest in nearly three weeks as traders sold positions after data showed exports fell this month, and as competing oil markets weighed on prices.
* Chicago Board of Trade corn and soybean futures plunged to their lowest in more than a month on Monday as improving weather for crop development across the U.S. Midwest sparked a round of long liquidation by speculators, traders said.
* Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets sparked concern about the economic health of the world's biggest energy consumer, while evidence of a growing crude glut mounted.
MARKET NEWS
* The biggest rout in Chinese shares in eight years stoked concerns over slowing growth in the world's No. 2 economy on Monday, knocking down global equities and the prices of key commodities.
RELATED
> Armajaro will close commodities fund at end of month -source
> Egypt could import less wheat, to start new local wheat buying system in 2016
> EU crop monitor cuts 2015 maize yield forecast on dry weather
DATA/EVENTS
> nil.
Palm, soy and crude oil prices at 0002 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG5 0 +0.00 0 0 0
MY PALM OIL SEP5 0 +0.00 0 0 0
MY PALM OIL OCT5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4706 -96.00 4688 4752 277774
CHINA SOYOIL JAN6 5440 -86.00 5420 5472 228656
CBOT SOY OIL DEC5 30.56 -3.70 30.54 30.67 230
INDIA PALM OIL JUL5 424.40 -3.70 423.50 427.70 781
INDIA SOYOIL AUG5 565.70 -4.25 565.00 568.80 34250
NYMEX CRUDE SEP5 47.16 -0.23 46.92 47.20 1800
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