MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch August 18
VEGOILS-Market Factors to Watch August 18
18/08/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* U.S. soybean futures were slightly higher on Monday as early support from government data on unplanted acres was largely offset by pressure from a rainy Midwest forecast that should bolster the crop at a key stage of development.
* Oil fell about 1 percent on Monday, with U.S. crude settling within range of a new 6-1/2-year low, after No. 3 oil consumer Japan said its economy contracted in the second quarter and China's slowdown continued to weigh on sentiment.
MARKET NEWS
* World equity indexes advanced modestly on Monday as upbeat U.S. housing data helped Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day.
RELATED
> Russian wheat prices down, weak rouble supports export margin
> Taiwan Sugar Corp. tenders to buy U.S. corn and soybeans
DATA/EVENTS
> nil
Palm, soy and crude oil prices at 2359 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP5 0 +0.00 0 0 0
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4614 +12.00 4612 4632 173394
CHINA SOYOIL JAN6 5598 +44.00 5592 5626 219638
CBOT SOY OIL DEC5 29.37 -2.10 0.00 0.00 0
INDIA PALM OIL AUG5 390.00 -2.10 388.20 392.90 1120
INDIA SOYOIL AUG5 585.80 +1.20 582.00 586.40 12640
NYMEX CRUDE SEP5 41.81 -0.06 41.79 41.96 1436
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
* U.S. soybean futures were slightly higher on Monday as early support from government data on unplanted acres was largely offset by pressure from a rainy Midwest forecast that should bolster the crop at a key stage of development.
* Oil fell about 1 percent on Monday, with U.S. crude settling within range of a new 6-1/2-year low, after No. 3 oil consumer Japan said its economy contracted in the second quarter and China's slowdown continued to weigh on sentiment.
MARKET NEWS
* World equity indexes advanced modestly on Monday as upbeat U.S. housing data helped Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day.
RELATED
> Russian wheat prices down, weak rouble supports export margin
> Taiwan Sugar Corp. tenders to buy U.S. corn and soybeans
DATA/EVENTS
> nil
Palm, soy and crude oil prices at 2359 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP5 0 +0.00 0 0 0
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4614 +12.00 4612 4632 173394
CHINA SOYOIL JAN6 5598 +44.00 5592 5626 219638
CBOT SOY OIL DEC5 29.37 -2.10 0.00 0.00 0
INDIA PALM OIL AUG5 390.00 -2.10 388.20 392.90 1120
INDIA SOYOIL AUG5 585.80 +1.20 582.00 586.40 12640
NYMEX CRUDE SEP5 41.81 -0.06 41.79 41.96 1436
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