MARKET DEVELOPMENT
Vegoils-Market Factors to Watch Dec 18
Vegoils-Market Factors to Watch Dec 18
18/12/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil fell on Thursday, dragged down by falling crude and declines in competing vegetable oils as well as concerns over slowing exports.
* U.S. soybean futures rebounded from a 3-1/2-week low on Thursday and closed higher for the first time in three sessions on short covering sparked by concerns that dry weather in Brazil may clip soy production.
* Oil prices fell more than 1 percent on Thursday, with global benchmark Brent settling not far from 2004 lows, after fresh supply builds at the delivery point for U.S. crude futures added to worries about a global glut.
MARKET NEWS
* U.S. stocks led a decline in most equity markets around the globe on Thursday, a day after the Federal Reserve's first interest rate hike in nearly a decade, as continued pressure on oil weighed on the energy sector.
RELATED
> U.S. EPA publishes November biofuel credit data on website
> Argentine peso devaluation seen spurring huge grains export increase
> Philippine govt to challenge ban on GMO imports ordered by top court
> Russia, China sign accords on grain quality control
> Golden age of coal in China seems over, peak-demand scenario possible
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 4508 -114.00 4506 4570 620966
CHINA SOYOIL MAY6 5476 -70.00 5474 5526 396510
CBOT SOY OIL JAN6 30.09 -5.70 29.71 30.33 54856
INDIA PALM OIL DEC5 390.40 -5.70 389.00 395.00 1358
INDIA SOYOIL DEC5 632.00 -3.20 631.10 634.70 4755
NYMEX CRUDE JAN6 34.80 -0.15 34.73 34.87 540
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 fell on Thursday, dragged down by falling crude and declines in competing vegetable oils as well as concerns over slowing exports.
* U.S. soybean futures rebounded from a 3-1/2-week low on Thursday and closed higher for the first time in three sessions on short covering sparked by concerns that dry weather in Brazil may clip soy production.
* Oil prices fell more than 1 percent on Thursday, with global benchmark Brent settling not far from 2004 lows, after fresh supply builds at the delivery point for U.S. crude futures added to worries about a global glut.
MARKET NEWS
* U.S. stocks led a decline in most equity markets around the globe on Thursday, a day after the Federal Reserve's first interest rate hike in nearly a decade, as continued pressure on oil weighed on the energy sector.
RELATED
> U.S. EPA publishes November biofuel credit data on website
> Argentine peso devaluation seen spurring huge grains export increase
> Philippine govt to challenge ban on GMO imports ordered by top court
> Russia, China sign accords on grain quality control
> Golden age of coal in China seems over, peak-demand scenario possible
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 4508 -114.00 4506 4570 620966
CHINA SOYOIL MAY6 5476 -70.00 5474 5526 396510
CBOT SOY OIL JAN6 30.09 -5.70 29.71 30.33 54856
INDIA PALM OIL DEC5 390.40 -5.70 389.00 395.00 1358
INDIA SOYOIL DEC5 632.00 -3.20 631.10 634.70 4755
NYMEX CRUDE JAN6 34.80 -0.15 34.73 34.87 540
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