MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 5
VEGOILS-Market Factors to Watch Nov 5
05/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil rose on Wednesday after reports Indonesian state-owned energy company Pertamina had secured biodiesel supplies. POI/
* Chicago wheat futures ticked up on Wednesday on technical buying, despite rain forecasts across U.S. grain belts adding to worries about weather woes overseas. GRA/
* Crude oil futures fell 4 percent on Wednesday, wiping out gains from the previous day's rally, as a strong dollar, tumbling gasoline prices and rising U.S. crude inventories bore down on the market. O/R
MARKET NEWS
* Wall Street stocks ended down on Wednesday as energy stocks turned lower on a drop in oil prices and two Federal Reserve officials said U.S. economic strength could justify a December interest rate hike. MKTS/GLOB
RELATED > Sugar, corn syrup face off over 'natural' claims in U.S. trial
> Argentine farmers sit on grains in hope of post-election tax change > Wheat futures up despite U.S. rain, corn down amid big crop forecast > Ghana cocoa purchases jump in early weeks of 2015/16 season
> Barry Callebaut to close Thai cocoa plant, cuts Malaysian capacity
DATA/EVENTS > Cargo surveyor ITS releases Malaysia's Nov 1-10 palm oil export data on November 10. > Malaysian Palm Oil Board (MPOB) releases October palm oil data on November 10.
Palm, soy and crude oil prices at 0017 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 4380 +24.00 4374 4406 413850
CHINA SOYOIL JAN6 5612 +36.00 5592 5634 313896
CBOT SOY OIL DEC5 28.50 +5.10 0.00 0.00 0
INDIA PALM OIL NOV5 405.50 +5.10 402.50 408.30 3073
INDIA SOYOIL NOV5 628.40 +1.25 625.80 630.50 34160
NYMEX CRUDE DEC5 46.46 +0.14 46.36 46.63 1090
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 rose on Wednesday after reports Indonesian state-owned energy company Pertamina had secured biodiesel supplies. POI/
* Chicago wheat futures ticked up on Wednesday on technical buying, despite rain forecasts across U.S. grain belts adding to worries about weather woes overseas. GRA/
* Crude oil futures fell 4 percent on Wednesday, wiping out gains from the previous day's rally, as a strong dollar, tumbling gasoline prices and rising U.S. crude inventories bore down on the market. O/R
MARKET NEWS
* Wall Street stocks ended down on Wednesday as energy stocks turned lower on a drop in oil prices and two Federal Reserve officials said U.S. economic strength could justify a December interest rate hike. MKTS/GLOB
RELATED > Sugar, corn syrup face off over 'natural' claims in U.S. trial
> Argentine farmers sit on grains in hope of post-election tax change > Wheat futures up despite U.S. rain, corn down amid big crop forecast > Ghana cocoa purchases jump in early weeks of 2015/16 season
> Barry Callebaut to close Thai cocoa plant, cuts Malaysian capacity
DATA/EVENTS > Cargo surveyor ITS releases Malaysia's Nov 1-10 palm oil export data on November 10. > Malaysian Palm Oil Board (MPOB) releases October palm oil data on November 10.
Palm, soy and crude oil prices at 0017 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 4380 +24.00 4374 4406 413850
CHINA SOYOIL JAN6 5612 +36.00 5592 5634 313896
CBOT SOY OIL DEC5 28.50 +5.10 0.00 0.00 0
INDIA PALM OIL NOV5 405.50 +5.10 402.50 408.30 3073
INDIA SOYOIL NOV5 628.40 +1.25 625.80 630.50 34160
NYMEX CRUDE DEC5 46.46 +0.14 46.36 46.63 1090
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