MARKET DEVELOPMENT
Vegoils-Market Factors to Watch Friday Dec 4
Vegoils-Market Factors to Watch Friday Dec 4
04/12/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday December 4 2015.
FUNDAMENTALS
* Malaysian palm oil futures rose on Thursday to snap a three-session losing streak, tracking gains in other vegetable oils and as expectations of lower output in the coming weeks boosted sentiment.
* U.S. wheat surged more than 2 percent on Thursday, snapping a six-session losing streak as investors covered short positions and the dollar tumbled after the European Central Bank acted to fight low inflation.
* Crude prices settled up about 3 percent on Thursday, the eve of an OPEC meeting, as traders who expect no cuts in the group's output hedged their positions in case of a surprise outcome at a meeting of the world's largest oil producers.
MARKET NEWS
* U.S. and European stocks closed down sharply on Thursday and the euro enjoyed its biggest one-day percentage rise in well over six years as investors reacted to the European Central Bank's latest policy easing measures.
RELATED
> OPEC set for policy rollover, no sign of Saudi cut plan -sources
> ANALYSIS-Oil traders get closer look at what might prompt Saudi rethink
> World food prices fall 1.6 pct in November - FAO
> Indonesia's richest get $9 bln hit on commodity, currency doldrums-Forbes
> INTERVIEW-Argentine grains chamber sees tax cuts ahead for soyoil, soymeal
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-10 palm oil export data on December 10.
> Malaysian Palm Oil Board releases Malaysia's monthly palm oil data on December 10.
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 MAY6 4680 +12.00 4618 4682 446996
CHINA SOYOIL MAY6 5710 +22.00 5652 5710 345910
CBOT SOY OIL JAN6 30.57 +0.40 0.00 0.00 0
INDIA PALM OIL DEC5 397.40 +0.40 397.10 400.90 1650
INDIA SOYOIL DEC5 623.60 +2.15 621.50 625.30 32380
NYMEX CRUDE JAN6 40.20 +0.26 40.09 40.26 1615
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 rose on Thursday to snap a three-session losing streak, tracking gains in other vegetable oils and as expectations of lower output in the coming weeks boosted sentiment.
* U.S. wheat surged more than 2 percent on Thursday, snapping a six-session losing streak as investors covered short positions and the dollar tumbled after the European Central Bank acted to fight low inflation.
* Crude prices settled up about 3 percent on Thursday, the eve of an OPEC meeting, as traders who expect no cuts in the group's output hedged their positions in case of a surprise outcome at a meeting of the world's largest oil producers.
MARKET NEWS
* U.S. and European stocks closed down sharply on Thursday and the euro enjoyed its biggest one-day percentage rise in well over six years as investors reacted to the European Central Bank's latest policy easing measures.
RELATED
> OPEC set for policy rollover, no sign of Saudi cut plan -sources
> ANALYSIS-Oil traders get closer look at what might prompt Saudi rethink
> World food prices fall 1.6 pct in November - FAO
> Indonesia's richest get $9 bln hit on commodity, currency doldrums-Forbes
> INTERVIEW-Argentine grains chamber sees tax cuts ahead for soyoil, soymeal
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-10 palm oil export data on December 10.
> Malaysian Palm Oil Board releases Malaysia's monthly palm oil data on December 10.
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 MAY6 4680 +12.00 4618 4682 446996
CHINA SOYOIL MAY6 5710 +22.00 5652 5710 345910
CBOT SOY OIL JAN6 30.57 +0.40 0.00 0.00 0
INDIA PALM OIL DEC5 397.40 +0.40 397.10 400.90 1650
INDIA SOYOIL DEC5 623.60 +2.15 621.50 625.30 32380
NYMEX CRUDE JAN6 40.20 +0.26 40.09 40.26 1615
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.