MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch Jan 28
VEGOILS-Market Factors To Watch Jan 28
VEGOILS-Market Factors To Watch Jan 28
28/01/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose for a third straight session on Wednesday to hit their highest level in 19 months on tighter supplies.
* U.S. wheat futures fell on Wednesday on fund-driven technical selling and a proposal by Russia's farm ministry to cut a wheat export tax, which tempered speculation about export restrictions.
* U.S. crude futures fell more than 1 percent in Asian trading on Thursday, paring gains of nearly 3 percent in the previous session, after Russia held out the possibility of cooperating with OPEC to control global oversupply.
MARKET NEWS
* Wall Street stocks and the dollar fell on Wednesday as the Federal Reserve held U.S. interest rates unchanged, as expected, and said it was closely monitoring global economic and financial developments.
RELATED
> Soaring prices spur agrochemical theft in Brazil grain belt
> India's mustard output seen rising for the first time in 3 years
> China to accelerate agricultural modernization - Xinhua
> Indian rapeseed futures hit near 9-mth low on hopes of higher output
DATA/EVENTS
> MPOB releases Malaysia's January 2016 data on February 10.
Palm, soy and crude oil prices at 0036 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB6 0 +0.00 0 0 0
MY PALM OIL MAR6 0 +0.00 0 0 0
MY PALM OIL APR6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 4740 +26.00 4734 4756 320432
CHINA SOYOIL MAY6 5638 +20.00 5628 5660 228164
CBOT SOY OIL MAR6 30.87 +4.40 0.00 0.00 0
INDIA PALM OIL JAN6 433.30 +4.40 429.50 433.80 2166
INDIA SOYOIL FEB6 612.50 +3.15 610.00 613.60 35910
NYMEX CRUDE MAR6 31.92 -0.38 31.78 32.37 4952
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
28/01/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose for a third straight session on Wednesday to hit their highest level in 19 months on tighter supplies.
* U.S. wheat futures fell on Wednesday on fund-driven technical selling and a proposal by Russia's farm ministry to cut a wheat export tax, which tempered speculation about export restrictions.
* U.S. crude futures fell more than 1 percent in Asian trading on Thursday, paring gains of nearly 3 percent in the previous session, after Russia held out the possibility of cooperating with OPEC to control global oversupply.
MARKET NEWS
* Wall Street stocks and the dollar fell on Wednesday as the Federal Reserve held U.S. interest rates unchanged, as expected, and said it was closely monitoring global economic and financial developments.
RELATED
> Soaring prices spur agrochemical theft in Brazil grain belt
> India's mustard output seen rising for the first time in 3 years
> China to accelerate agricultural modernization - Xinhua
> Indian rapeseed futures hit near 9-mth low on hopes of higher output
DATA/EVENTS
> MPOB releases Malaysia's January 2016 data on February 10.
Palm, soy and crude oil prices at 0036 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB6 0 +0.00 0 0 0
MY PALM OIL MAR6 0 +0.00 0 0 0
MY PALM OIL APR6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 4740 +26.00 4734 4756 320432
CHINA SOYOIL MAY6 5638 +20.00 5628 5660 228164
CBOT SOY OIL MAR6 30.87 +4.40 0.00 0.00 0
INDIA PALM OIL JAN6 433.30 +4.40 429.50 433.80 2166
INDIA SOYOIL FEB6 612.50 +3.15 610.00 613.60 35910
NYMEX CRUDE MAR6 31.92 -0.38 31.78 32.37 4952
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