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MARKET DEVELOPMENT
Vegoils: Market Factors To Watch Tuesday Oct 27
calendar27-10-2015 | linkReuters | Share This Post:

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