MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Sept 8
VEGOILS-Market Factors to Watch Sept 8
08/09/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures hit a near three-week high on Monday after a drop in early trade helped by exports and a weaker ringgit.
* Chicago wheat edged higher after touching a five-year low on Friday, and corn also inched up as investors covered short positions in both grains after recent declines.
* Oil fell more than 3 percent on Monday, hit by weaker Chinese equities and record North Sea crude production data that added to global oversupply concerns.
MARKET NEWS
* Asian shares looked set to struggle on Tuesday to defend the three-year trough hit last month as investors sought more signs of stability in China's slowing economy and volatile financial markets.
RELATED
> Palm oil prices to remain flat until year end -MPOC Chairman
> Egypt's agriculture minister arrested after resignation
> Rainfall mixed in Ivory Coast ahead of main cocoa crop
> Glowing in the dark, GMO chickens shed light on bird flu fight
> White sugar steady, robusta coffee eases
DATA/EVENTS
> Malaysian Palm Oil Board to release data on Malaysia's August palm oil production on September 10.
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's September 1-10 palm oil exports on September 10.
Palm, soy and crude oil prices at 0005 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 0 +0.00 0 0 0
CHINA SOYOIL JAN6 0 +0.00 0 0 0
CBOT SOY OIL DEC5 27.08 +4.50 26.98 27.09 438
INDIA PALM OIL SEP5 380.00 +4.50 375.50 381.90 2781
INDIA SOYOIL OCT5 573.00 +0.65 571.20 574.50 37125
NYMEX CRUDE OCT5 46.77 +0.02 46.61 46.85 1086
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 hit a near three-week high on Monday after a drop in early trade helped by exports and a weaker ringgit.
* Chicago wheat edged higher after touching a five-year low on Friday, and corn also inched up as investors covered short positions in both grains after recent declines.
* Oil fell more than 3 percent on Monday, hit by weaker Chinese equities and record North Sea crude production data that added to global oversupply concerns.
MARKET NEWS
* Asian shares looked set to struggle on Tuesday to defend the three-year trough hit last month as investors sought more signs of stability in China's slowing economy and volatile financial markets.
RELATED
> Palm oil prices to remain flat until year end -MPOC Chairman
> Egypt's agriculture minister arrested after resignation
> Rainfall mixed in Ivory Coast ahead of main cocoa crop
> Glowing in the dark, GMO chickens shed light on bird flu fight
> White sugar steady, robusta coffee eases
DATA/EVENTS
> Malaysian Palm Oil Board to release data on Malaysia's August palm oil production on September 10.
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's September 1-10 palm oil exports on September 10.
Palm, soy and crude oil prices at 0005 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 0 +0.00 0 0 0
CHINA SOYOIL JAN6 0 +0.00 0 0 0
CBOT SOY OIL DEC5 27.08 +4.50 26.98 27.09 438
INDIA PALM OIL SEP5 380.00 +4.50 375.50 381.90 2781
INDIA SOYOIL OCT5 573.00 +0.65 571.20 574.50 37125
NYMEX CRUDE OCT5 46.77 +0.02 46.61 46.85 1086
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