MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch Feb 5
VEGOILS-Market Factors To Watch Feb 5
05/02/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures ended lower on Thursday and snapped two sessions of gains after hitting a 20-month high earlier in the session, on the back of a stronger ringgit and weaker export demand.
* Wheat futures on the Chicago Board of Trade fell 1.5 percent on Thursday on disappointing U.S. export sales data, traders said.
* Oil fell 2 percent in volatile trading on Thursday, as support from a weakening dollar was overshadowed by scepticism that cash-strapped OPEC member Venezuela's effort to lobby crude producers for joint output cuts would succeed.
MARKET NEWS
* Asian equities edged up on Friday, taking early inspiration from an overnight rise on Wall Street, while the dollar wobbled ahead of the closely watched U.S. jobs report.
RELATED
> India may decide on GM food as China makes big leap with Syngenta buy
> 2016 expected to bring sugar price rally as deficit emerges
> Brazil's Conab lowers soy, raises corn forecast
> Pakistani importers buy Brazilian soybeans and Canadian canola
> Venezuela talks oil prices with Qatar, Oman; to meets Saudis
DATA/EVENTS
> MPOB releases Malaysia's January 2016 data on February 10.
Palm, soy and crude oil prices at 0034 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 4792 +4.00 4774 4794 116226
CHINA SOYOIL MAY6 5688 +22.00 5666 5690 92008
CBOT SOY OIL MAR6 31.24 -0.10 0.00 0.00 0
INDIA PALM OIL FEB6 459.00 -0.10 455.00 468.90 3830
INDIA SOYOIL FEB6 618.45 -0.90 616.20 621.50 40370
NYMEX CRUDE MAR6 31.67 -0.05 31.42 31.82 5586
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 ended lower on Thursday and snapped two sessions of gains after hitting a 20-month high earlier in the session, on the back of a stronger ringgit and weaker export demand.
* Wheat futures on the Chicago Board of Trade fell 1.5 percent on Thursday on disappointing U.S. export sales data, traders said.
* Oil fell 2 percent in volatile trading on Thursday, as support from a weakening dollar was overshadowed by scepticism that cash-strapped OPEC member Venezuela's effort to lobby crude producers for joint output cuts would succeed.
MARKET NEWS
* Asian equities edged up on Friday, taking early inspiration from an overnight rise on Wall Street, while the dollar wobbled ahead of the closely watched U.S. jobs report.
RELATED
> India may decide on GM food as China makes big leap with Syngenta buy
> 2016 expected to bring sugar price rally as deficit emerges
> Brazil's Conab lowers soy, raises corn forecast
> Pakistani importers buy Brazilian soybeans and Canadian canola
> Venezuela talks oil prices with Qatar, Oman; to meets Saudis
DATA/EVENTS
> MPOB releases Malaysia's January 2016 data on February 10.
Palm, soy and crude oil prices at 0034 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 4792 +4.00 4774 4794 116226
CHINA SOYOIL MAY6 5688 +22.00 5666 5690 92008
CBOT SOY OIL MAR6 31.24 -0.10 0.00 0.00 0
INDIA PALM OIL FEB6 459.00 -0.10 455.00 468.90 3830
INDIA SOYOIL FEB6 618.45 -0.90 616.20 621.50 40370
NYMEX CRUDE MAR6 31.67 -0.05 31.42 31.82 5586
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