MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Dec 16
VEGOILS-Market Factors to Watch Dec 16
16/12/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures posted their sharpest fall in two-and-a-half months on Tuesday after cargo surveyor data showed little signs of improvement in exports.
* Chicago Board of Trade soybean futures sank on Tuesday on expectations that U.S. exports will dry up due to increasing competition from South American countries, traders said.
* Oil prices rose for a second straight day on Tuesday as short-covering and technical support halted a slide to 11-year lows, but the market remained fundamentally weak from oversupply, traders and analysts said.
MARKET NEWS
* Global equity markets rallied on Tuesday as oil prices bounced from multi-year lows, though investors remained leery about the possibility of increased volatility with a widely-anticipated increase in U.S. interest rates due later this week.
RELATED
> China's COFCO in talks to take full ownership of Noble's agribusiness
> Platts Kingsman forecasts sugar deficit rising in 2016/17
> U.S. biofuel credits on pace to meet EPA requirements
> Malaysia's Dec 1 - 15 palm oil exports fall 35.6 pct -ITS
> Gold investors sold the rumour of higher U.S. rates - will they buy the fact?
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-20 palm oil export data on December 21.
Contract Month Last Change Low High Volume
MY PALM OIL JAN6 0 +0.00 0 0 0
MY PALM OIL FEB6 0 +0.00 0 0 0
MY PALM OIL MAR6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 4628 -76.00 4626 4686 578532
CHINA SOYOIL MAY6 5526 -60.00 5524 5588 455482
CBOT SOY OIL JAN6 30.70 -11.80 0.00 0.00 0
INDIA PALM OIL DEC5 394.40 -11.80 394.40 405.30 2831
INDIA SOYOIL DEC5 632.10 -4.05 631.80 635.90 5945
NYMEX CRUDE JAN6 36.85 -0.50 36.73 36.91 1814
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 posted their sharpest fall in two-and-a-half months on Tuesday after cargo surveyor data showed little signs of improvement in exports.
* Chicago Board of Trade soybean futures sank on Tuesday on expectations that U.S. exports will dry up due to increasing competition from South American countries, traders said.
* Oil prices rose for a second straight day on Tuesday as short-covering and technical support halted a slide to 11-year lows, but the market remained fundamentally weak from oversupply, traders and analysts said.
MARKET NEWS
* Global equity markets rallied on Tuesday as oil prices bounced from multi-year lows, though investors remained leery about the possibility of increased volatility with a widely-anticipated increase in U.S. interest rates due later this week.
RELATED
> China's COFCO in talks to take full ownership of Noble's agribusiness
> Platts Kingsman forecasts sugar deficit rising in 2016/17
> U.S. biofuel credits on pace to meet EPA requirements
> Malaysia's Dec 1 - 15 palm oil exports fall 35.6 pct -ITS
> Gold investors sold the rumour of higher U.S. rates - will they buy the fact?
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-20 palm oil export data on December 21.
Contract Month Last Change Low High Volume
MY PALM OIL JAN6 0 +0.00 0 0 0
MY PALM OIL FEB6 0 +0.00 0 0 0
MY PALM OIL MAR6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 4628 -76.00 4626 4686 578532
CHINA SOYOIL MAY6 5526 -60.00 5524 5588 455482
CBOT SOY OIL JAN6 30.70 -11.80 0.00 0.00 0
INDIA PALM OIL DEC5 394.40 -11.80 394.40 405.30 2831
INDIA SOYOIL DEC5 632.10 -4.05 631.80 635.90 5945
NYMEX CRUDE JAN6 36.85 -0.50 36.73 36.91 1814
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