MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch August 11
VEGOILS-Market Factors to Watch August 11
11/08/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures ticked lower on Monday, extending losses into a seventh week as traders remained cautious over trade and production data released on Monday, despite signs that shipments from the world's second-largest producer increased this month.
* Chicago Board of Trade corn and soybean futures climbed to two-week highs on Monday amid concerns about stressful hot weather in the United States and Europe coupled with positioning ahead of a monthly U.S. government crop report, traders said.
* Oil jumped almost 4 percent on Monday after a rally in U.S. gasoline and diesel due to a refinery outage helped crude futures advance from multi-month lows.
MARKET NEWS
* Asian stocks swung higher on Tuesday as a periodic revival in investor risk appetite led to a bounce in beaten-down commodities and a small step back for the U.S. dollar.
RELATED
> PREVIEW-USDA expected to cut soy yields due to spring flooding
> Russian wheat prices flat on slow exports
> France sees maize crop plunging to 13.2 mln tonnes
> Low water still hinders Rhine, Danube river shipping in Germany
> INTERVIEW-Indonesia's Bulog: El Nino may lead to rice imports in early 2016
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's August 1-15 palm oil exports on August 15.
Palm, soy and crude oil prices at 0051 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 4596 +32.00 4552 4616 365420
CHINA SOYOIL JAN6 5582 +70.00 5522 5596 320208
CBOT SOY OIL DEC5 30.74 +1.70 30.70 30.84 1109
INDIA PALM OIL AUG5 402.20 +1.70 396.00 403.10 1725
INDIA SOYOIL AUG5 577.90 +6.05 571.60 579.00 76015
NYMEX CRUDE SEP5 44.78 -0.18 44.70 44.87 2416
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