MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Dec 17
VEGOILS-Market Factors to Watch Dec 17
17/12/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil retreated on Wednesday, weighed down by weak exports and high end-stocks.
* Chicago Board of Trade wheat, corn and soybeans fell on Wednesday as traders grappled with huge world stocks of all three commodities.
* Oil fell as much as 5 percent on Wednesday after U.S. government data showed a big, surprise build in crude inventories and the Federal Reserve hiked interest rates, a move that should support the dollar and pressure commodities prices.
MARKET NEWS
* Asian stock markets rose on Thursday as investors chose to take a hike in U.S. interest rates as a mark of confidence in the world's largest economy, though the good cheer did not extend to oil where oversupply again pressured prices.
RELATED
> Biodiesel tax credit move roils biofuel credit, soyoil markets
> U.S. on verge of lifting 40-year oil export ban
> Indonesia's Nov palm exports down 9 pct m/m - palm oil association
> COLUMN-Lack of snow puts crops in danger worldwide -Braun
> India's sugar stockpile to deplete by a quarter as exports rise
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 4666 +12.00 4634 4670 357498
CHINA SOYOIL MAY6 5578 +24.00 5530 5582 338748
CBOT SOY OIL JAN6 30.37 +0.70 0.00 0.00 0
INDIA PALM OIL DEC5 395.70 +0.70 395.10 399.30 2246
INDIA SOYOIL DEC5 634.00 +2.00 633.00 635.80 6090
NYMEX CRUDE JAN6 35.71 +0.19 35.64 35.84 958
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 retreated on Wednesday, weighed down by weak exports and high end-stocks.
* Chicago Board of Trade wheat, corn and soybeans fell on Wednesday as traders grappled with huge world stocks of all three commodities.
* Oil fell as much as 5 percent on Wednesday after U.S. government data showed a big, surprise build in crude inventories and the Federal Reserve hiked interest rates, a move that should support the dollar and pressure commodities prices.
MARKET NEWS
* Asian stock markets rose on Thursday as investors chose to take a hike in U.S. interest rates as a mark of confidence in the world's largest economy, though the good cheer did not extend to oil where oversupply again pressured prices.
RELATED
> Biodiesel tax credit move roils biofuel credit, soyoil markets
> U.S. on verge of lifting 40-year oil export ban
> Indonesia's Nov palm exports down 9 pct m/m - palm oil association
> COLUMN-Lack of snow puts crops in danger worldwide -Braun
> India's sugar stockpile to deplete by a quarter as exports rise
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 4666 +12.00 4634 4670 357498
CHINA SOYOIL MAY6 5578 +24.00 5530 5582 338748
CBOT SOY OIL JAN6 30.37 +0.70 0.00 0.00 0
INDIA PALM OIL DEC5 395.70 +0.70 395.10 399.30 2246
INDIA SOYOIL DEC5 634.00 +2.00 633.00 635.80 6090
NYMEX CRUDE JAN6 35.71 +0.19 35.64 35.84 958
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