MARKET DEVELOPMENT
Vegoils: Market Factors To Watch Tuesday Oct 27
Vegoils: Market Factors To Watch Tuesday Oct 27
27/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday October 27.
FUNDAMENTALS
* Malaysian palm oil slid more than 2 percent on Monday to a near one-week low on concerns over slowing global demand for the vegetable oil, as reflected by export data.
* U.S. wheat futures surged more than 4 percent on Monday as recent floods in parts of Texas and forecasts for continued dry weather in the U.S. Plains buoyed the market that had been falling in recent weeks.
* Crude prices fell again on Monday, staying under pressure after two straight weeks of losses, on worries that the oversupply in oil products would swell from unseasonably warm weather and the waning maintenance cycle for U.S. refineries.
MARKET NEWS
* Global equity markets slipped on Monday, pausing after a four-week rally ahead of policy announcements from central banks in the United States and Japan later in the week, while the dollar weakened in the wake of soft U.S. housing data.
RELATED
> Thailand to sell 2 mln tonnes of rotten rice from stockpiles
> Chinese sugar importers eye more washouts on import controls
> POLL-U.S. soy harvest seen as 86 pct done, corn harvest 74 pct
> Heavy rain, sun in Ivory Coast maintain strong start for cocoa
> Iraq increasingly importing raw instead of white sugar -trade
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-30 palm oil export data on October 30.
Palm, soy and crude oil prices at 0027 GMT
Contract Month Last Change Low High Volume
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
MY PALM OIL JAN6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4498 -70.00 4458 4560 690206
CHINA SOYOIL JAN6 5582 -30.00 5556 5622 336396
CBOT SOY OIL DEC5 28.70 -4.10 28.57 28.74 893
INDIA PALM OIL OCT5 411.00 -4.10 408.80 414.80 665
INDIA SOYOIL NOV5 628.00 -4.65 625.80 632.00 60160
NYMEX CRUDE DEC5 44.58 -0.02 44.57 44.78 1844
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 slid more than 2 percent on Monday to a near one-week low on concerns over slowing global demand for the vegetable oil, as reflected by export data.
* U.S. wheat futures surged more than 4 percent on Monday as recent floods in parts of Texas and forecasts for continued dry weather in the U.S. Plains buoyed the market that had been falling in recent weeks.
* Crude prices fell again on Monday, staying under pressure after two straight weeks of losses, on worries that the oversupply in oil products would swell from unseasonably warm weather and the waning maintenance cycle for U.S. refineries.
MARKET NEWS
* Global equity markets slipped on Monday, pausing after a four-week rally ahead of policy announcements from central banks in the United States and Japan later in the week, while the dollar weakened in the wake of soft U.S. housing data.
RELATED
> Thailand to sell 2 mln tonnes of rotten rice from stockpiles
> Chinese sugar importers eye more washouts on import controls
> POLL-U.S. soy harvest seen as 86 pct done, corn harvest 74 pct
> Heavy rain, sun in Ivory Coast maintain strong start for cocoa
> Iraq increasingly importing raw instead of white sugar -trade
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-30 palm oil export data on October 30.
Palm, soy and crude oil prices at 0027 GMT
Contract Month Last Change Low High Volume
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
MY PALM OIL JAN6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4498 -70.00 4458 4560 690206
CHINA SOYOIL JAN6 5582 -30.00 5556 5622 336396
CBOT SOY OIL DEC5 28.70 -4.10 28.57 28.74 893
INDIA PALM OIL OCT5 411.00 -4.10 408.80 414.80 665
INDIA SOYOIL NOV5 628.00 -4.65 625.80 632.00 60160
NYMEX CRUDE DEC5 44.58 -0.02 44.57 44.78 1844
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