MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Oct 19
VEGOILS-Market Factors to Watch Oct 19
19/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell in late trade on Friday, although largely remaining rangebound, tracking a volatile ringgit and depressed by a bearish export outlook.
* Chicago Board of Trade wheat futures fell roughly 2 percent on Friday, dropping below $5 a bushel amid plentiful global supplies and forecasts for timely rains in the U.S. Plains, analysts said.
* Oil prices rose nearly 2 percent on Friday as traders covered short positions after four days of sharp losses, and the U.S. oil rig count fell for a seventh week in a row.
MARKET NEWS
* Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views that the European Central Bank may provide more stimulus to the euro zone economy.
RELATED
> Olam sees 2015/16 global cocoa deficit of 150,000 T
> China to revive corn-based ethanol amid record high stocks
> Colombia changes coffee export rules to combat El Nino damage
> Speculators boost raw sugar net long to highest since July 2014
> Silver Fern Farms shareholders approve stake sale to Bright Food
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-20 palm oil export data on October 20.
> Cargo surveyor Societe Generale de Surveillance unveils October 1-20 palm oil exports in
Malaysia on October 20.
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 4582 +14.00 4572 4610 313264
CHINA SOYOIL JAN6 5606 +24.00 5594 5632 214838
CBOT SOY OIL DEC5 28.16 +4.50 28.13 28.21 444
INDIA PALM OIL OCT5 423.50 +4.50 422.60 425.50 986
INDIA SOYOIL OCT5 626.30 +4.05 622.10 627.70 13840
NYMEX CRUDE NOV5 47.53 +0.43 47.45 47.72 2575
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 fell in late trade on Friday, although largely remaining rangebound, tracking a volatile ringgit and depressed by a bearish export outlook.
* Chicago Board of Trade wheat futures fell roughly 2 percent on Friday, dropping below $5 a bushel amid plentiful global supplies and forecasts for timely rains in the U.S. Plains, analysts said.
* Oil prices rose nearly 2 percent on Friday as traders covered short positions after four days of sharp losses, and the U.S. oil rig count fell for a seventh week in a row.
MARKET NEWS
* Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views that the European Central Bank may provide more stimulus to the euro zone economy.
RELATED
> Olam sees 2015/16 global cocoa deficit of 150,000 T
> China to revive corn-based ethanol amid record high stocks
> Colombia changes coffee export rules to combat El Nino damage
> Speculators boost raw sugar net long to highest since July 2014
> Silver Fern Farms shareholders approve stake sale to Bright Food
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-20 palm oil export data on October 20.
> Cargo surveyor Societe Generale de Surveillance unveils October 1-20 palm oil exports in
Malaysia on October 20.
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 4582 +14.00 4572 4610 313264
CHINA SOYOIL JAN6 5606 +24.00 5594 5632 214838
CBOT SOY OIL DEC5 28.16 +4.50 28.13 28.21 444
INDIA PALM OIL OCT5 423.50 +4.50 422.60 425.50 986
INDIA SOYOIL OCT5 626.30 +4.05 622.10 627.70 13840
NYMEX CRUDE NOV5 47.53 +0.43 47.45 47.72 2575
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