VEGOILS-Market Factors to Watch June 21
21/06/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Monday after the government said it was in talks with oil and automotive companies to delay the start of its B10 biodiesel mandate to July.
* U.S. corn futures fell nearly 4 percent on Monday and soybeans also weakened on forecasts calling for much-needed rains in the U.S. Midwest.
* Oil prices rose 3 percent on Monday, settling higher for a second straight day, after polls showing a lower likelihood of Britain leaving the European Union while U.S. gasoline surged 5 percent in anticipation of peak summer driving demand.
MARKET NEWS
* Global stock indexes jumped on Monday and sterling posted its strongest gain since 2008 after polls showed support for Britain staying in the EU strengthened before Thursday's referendum.
RELATED
> CME to kick off long-awaited EU wheat futures in September
> Malaysia in talks to move startup of B10 biodiesel programme to July
> EU crop monitor cuts 2016 soft wheat yield on weather woes
> Monsoon rains cover half of India; to accelerate sowing
> Early cut to U.S. soy stocks signals further tightening ahead
Palm, soy and crude oil prices at 0037 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL6 0 +0.00 0 0 0
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5128 +18.00 5046 5144 423422
CHINA SOYOIL SEP6 6016 +78.00 5914 6024 373744
CBOT SOY OIL JUL6 31.71 +4.60 31.66 31.95 1100
INDIA PALM OIL JUN6 513.80 +4.60 508.60 516.00 1351
INDIA SOYOIL JUL6 646.60 +9.35 638.00 646.80 68020
NYMEX CRUDE JUL6 49.19 -0.18 49.06 49.32 248
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