MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Oct 21
VEGOILS-Market Factors to Watch Oct 21
21/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures closed higher on Tuesday as the ringgit MYR= weakened further, but remain within their recent range after dipping late last month from a 15-month high.
* U.S. corn, soybeans and wheat futures rose on Tuesday, rebounding from earlier losses on technical buying and bargain hunting even as autumn harvests advanced more quickly than usual under dry weather conditions.
* Oil prices settled mixed on Tuesday, with New York-based futures down slightly, as market participants awaited the U.S. government's inventory data amid a global oversupply that was pressuring prices.
MARKET NEWS
* Asian equities got off to a sluggish start on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank's policy meeting later in the week.
RELATED
> Rising global sugar prices to help India mills meet export target
> Subway shifting all U.S. meat supplies to no-antibiotics
> INTERVIEW-Drought could cut Ukraine winter wheat area by 10 pct
> India to buy more cotton from farmers as China trims imports
> Ivory Coast may abandon international cocoa contract auctions
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-30 palm oil export data on October 30.
> Cargo surveyor Societe Generale de Surveillance unveils October 1-25 palm oil exports in Malaysia on October 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 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 closed higher on Tuesday as the ringgit MYR= weakened further, but remain within their recent range after dipping late last month from a 15-month high.
* U.S. corn, soybeans and wheat futures rose on Tuesday, rebounding from earlier losses on technical buying and bargain hunting even as autumn harvests advanced more quickly than usual under dry weather conditions.
* Oil prices settled mixed on Tuesday, with New York-based futures down slightly, as market participants awaited the U.S. government's inventory data amid a global oversupply that was pressuring prices.
MARKET NEWS
* Asian equities got off to a sluggish start on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank's policy meeting later in the week.
RELATED
> Rising global sugar prices to help India mills meet export target
> Subway shifting all U.S. meat supplies to no-antibiotics
> INTERVIEW-Drought could cut Ukraine winter wheat area by 10 pct
> India to buy more cotton from farmers as China trims imports
> Ivory Coast may abandon international cocoa contract auctions
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-30 palm oil export data on October 30.
> Cargo surveyor Societe Generale de Surveillance unveils October 1-25 palm oil exports in Malaysia on October 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 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