MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch July 8
VEGOILS-Market Factors to Watch July 8
08/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell nearly 2 percent on Tuesday and posted their first fall in four sessions, tracking losses in rival vegetable oils.
* .S. soybean futures plunged 4.7 percent to their lowest in nearly two months on Thursday, weighed down by forecasts for good weather for crop development across the U.S. Midwest.
* Oil prices fell 5 percent to two-month lows on Thursday after the U.S. government reported a weekly crude draw within analysts' forecasts that disappointed market bulls expecting larger declines.
MARKET NEWS
* Equities markets rose worldwideon a bump from positive U.S. data, though U.S. stocks and long-dated Treasury yields fell along with oil prices amid investor caution ahead of Friday's U.S. nonfarm payrolls report for June.
RELATED
> Argentina's Rosario exchange cuts wheat area forecast for central grain region
> U.S. GMO food labeling bill heads to vote as critics spy loopholes
> Monsanto, DuPont sign supply agreement for dicamba herbicide
> GRAINS-Corn rallies on lower Brazil harvest forecast; soy weak
> India monsoon rains 35 pct above average last week - weather office
Palm, soy and crude oil prices at 0029 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 4934 -76.00 4914 5016 336790
CHINA SOYOIL SEP6 5970 -22.00 5954 6054 266546
CBOT SOY OIL DEC6 30.39 -0.60 30.21 30.45 788
INDIA PALM OIL JUL6 502.20 -0.60 501.00 505.3 1755
INDIA SOYOIL JUL6 631.9 -3.00 630.8 637.1 18020
NYMEX CRUDE AUG6 45.56 +0.42 45.17 45.59 6752
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 fell nearly 2 percent on Tuesday and posted their first fall in four sessions, tracking losses in rival vegetable oils.
* .S. soybean futures plunged 4.7 percent to their lowest in nearly two months on Thursday, weighed down by forecasts for good weather for crop development across the U.S. Midwest.
* Oil prices fell 5 percent to two-month lows on Thursday after the U.S. government reported a weekly crude draw within analysts' forecasts that disappointed market bulls expecting larger declines.
MARKET NEWS
* Equities markets rose worldwideon a bump from positive U.S. data, though U.S. stocks and long-dated Treasury yields fell along with oil prices amid investor caution ahead of Friday's U.S. nonfarm payrolls report for June.
RELATED
> Argentina's Rosario exchange cuts wheat area forecast for central grain region
> U.S. GMO food labeling bill heads to vote as critics spy loopholes
> Monsanto, DuPont sign supply agreement for dicamba herbicide
> GRAINS-Corn rallies on lower Brazil harvest forecast; soy weak
> India monsoon rains 35 pct above average last week - weather office
Palm, soy and crude oil prices at 0029 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 4934 -76.00 4914 5016 336790
CHINA SOYOIL SEP6 5970 -22.00 5954 6054 266546
CBOT SOY OIL DEC6 30.39 -0.60 30.21 30.45 788
INDIA PALM OIL JUL6 502.20 -0.60 501.00 505.3 1755
INDIA SOYOIL JUL6 631.9 -3.00 630.8 637.1 18020
NYMEX CRUDE AUG6 45.56 +0.42 45.17 45.59 6752
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