MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 26
VEGOILS-Market Factors to Watch Nov 26
26/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures bounced back from early falls and closed higher on Wednesday, snapping four sessions of declines as bargain-hunting and a report of production drop offset a stronger ringgit.
* Soybeans futures climbed more than 1 percent on Wednesday, bouncing on short-covering after this week's 6-1/2 year low, ahead of a U.S. holiday.
* Crude futures erased early losses to settle steady on Wednesday after a smaller-than-expected supply build in the United States and drop in the number of U.S. rigs actively drilling for oil.
MARKET NEWS
* Asian shares advanced in early trade on Thursday, while growing bets the European Central Bank was gearing up to deliver further stimulus steps kept the euro under pressure.
RELATED
> Genting Plantations Bhd posts qtrly net profit 37.7 million rgt
> Malaysia's Nov 1 - 25 palm oil exports remains unchanged -ITS
> U.S. ethanol output tops 1 mln bpd as industry awaits EPA mandates
> Soybeans rally off multiyear low ahead of U.S. holiday
> France detects first bird flu outbreak in eight years
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-30 palm oil export data on November 30. Cargo surveyor SGS release Malaysian palm oil export data for the first 30 days of the month on November 30.
Palm, soy and crude oil prices at 0045 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC5 0 +0.00 0 0 0
MY PALM OIL JAN6 0 +0.00 0 0 0
MY PALM OIL FEB6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4100 +58.00 4072 4164 1059206
CHINA SOYOIL JAN6 5536 +110.00 5474 5552 285220
CBOT SOY OIL DEC5 27.90 -0.90 0.00 0.00 0
INDIA PALM OIL NOV5 383.40 -0.90 382.10 384.00 884
INDIA SOYOIL DEC5 610.90 +2.80 606.20 611.30 44785
NYMEX CRUDE JAN6 41.61 -0.29 41.43 41.66 4613
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 bounced back from early falls and closed higher on Wednesday, snapping four sessions of declines as bargain-hunting and a report of production drop offset a stronger ringgit.
* Soybeans futures climbed more than 1 percent on Wednesday, bouncing on short-covering after this week's 6-1/2 year low, ahead of a U.S. holiday.
* Crude futures erased early losses to settle steady on Wednesday after a smaller-than-expected supply build in the United States and drop in the number of U.S. rigs actively drilling for oil.
MARKET NEWS
* Asian shares advanced in early trade on Thursday, while growing bets the European Central Bank was gearing up to deliver further stimulus steps kept the euro under pressure.
RELATED
> Genting Plantations Bhd posts qtrly net profit 37.7 million rgt
> Malaysia's Nov 1 - 25 palm oil exports remains unchanged -ITS
> U.S. ethanol output tops 1 mln bpd as industry awaits EPA mandates
> Soybeans rally off multiyear low ahead of U.S. holiday
> France detects first bird flu outbreak in eight years
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-30 palm oil export data on November 30. Cargo surveyor SGS release Malaysian palm oil export data for the first 30 days of the month on November 30.
Palm, soy and crude oil prices at 0045 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC5 0 +0.00 0 0 0
MY PALM OIL JAN6 0 +0.00 0 0 0
MY PALM OIL FEB6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4100 +58.00 4072 4164 1059206
CHINA SOYOIL JAN6 5536 +110.00 5474 5552 285220
CBOT SOY OIL DEC5 27.90 -0.90 0.00 0.00 0
INDIA PALM OIL NOV5 383.40 -0.90 382.10 384.00 884
INDIA SOYOIL DEC5 610.90 +2.80 606.20 611.30 44785
NYMEX CRUDE JAN6 41.61 -0.29 41.43 41.66 4613
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