MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Sept 23
VEGOILS-Market Factors to Watch Sept 23
23/09/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose to a one-week high on Tuesday, supported by positive export data, a weak ringgit and dry weather conditions.
* U.S. corn and soybean futures fell on Tuesday, under pressure from the expanding harvest around the U.S. Midwest as well as some profit-taking after rallying on Monday, traders said.
* Brent settled up on Tuesday, while U.S. crude finished down 2 percent but off its lows after a partial pipeline outage and bets of positive U.S. inventory data helped oil offset skittish sentiment in financial markets.
MARKET NEWS
* Tumbling commodities prices and worries about China's economy pulled stocks sharply lower on Tuesday, while bond yields declined and the dollar rose to a two-week high on bets U.S. officials will soon hike interest rates.
RELATED
> Indonesia demand for FAME biodiesel to rise over four-fold in 2016 - Pertamina
> Grain handler Scoular on the hunt for more Canadian buys
DATA/EVENTS
> Cargo surveyor SGS releases Malaysia's May 1-25 palm oil export data on September 25.
Palm, soy and crude oil prices at 0023 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4282 -14.00 4258 4288 279592
CHINA SOYOIL JAN6 5312 -42.00 5296 5326 214834
CBOT SOY OIL DEC5 26.40 +4.10 26.34 26.46 298
INDIA PALM OIL SEP5 403.30 +4.10 399.30 405.60 2165
INDIA SOYOIL OCT5 571.80 -0.75 568.20 574.90 23095
NYMEX CRUDE NOV5 46.50 +0.14 46.24 46.62 2650
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 to a one-week high on Tuesday, supported by positive export data, a weak ringgit and dry weather conditions.
* U.S. corn and soybean futures fell on Tuesday, under pressure from the expanding harvest around the U.S. Midwest as well as some profit-taking after rallying on Monday, traders said.
* Brent settled up on Tuesday, while U.S. crude finished down 2 percent but off its lows after a partial pipeline outage and bets of positive U.S. inventory data helped oil offset skittish sentiment in financial markets.
MARKET NEWS
* Tumbling commodities prices and worries about China's economy pulled stocks sharply lower on Tuesday, while bond yields declined and the dollar rose to a two-week high on bets U.S. officials will soon hike interest rates.
RELATED
> Indonesia demand for FAME biodiesel to rise over four-fold in 2016 - Pertamina
> Grain handler Scoular on the hunt for more Canadian buys
DATA/EVENTS
> Cargo surveyor SGS releases Malaysia's May 1-25 palm oil export data on September 25.
Palm, soy and crude oil prices at 0023 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4282 -14.00 4258 4288 279592
CHINA SOYOIL JAN6 5312 -42.00 5296 5326 214834
CBOT SOY OIL DEC5 26.40 +4.10 26.34 26.46 298
INDIA PALM OIL SEP5 403.30 +4.10 399.30 405.60 2165
INDIA SOYOIL OCT5 571.80 -0.75 568.20 574.90 23095
NYMEX CRUDE NOV5 46.50 +0.14 46.24 46.62 2650
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