MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch July 15
VEGOILS-Market Factors to Watch July 15
15/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose on Thursday on short-covering and tracking higher Chinese and U.S. oil prices.
* U.S. soybean futures fell 3.8 percent on Thursday, giving up early gains after new weather forecasts boosted expectations of a robust harvest in the United States.
* Oil prices rose 2 percent on Thursday as traders covered short positions a day after crude futures were hammered by data showing weak U.S. fuel demand in a busy summer driving season that heightened fears about a global oil glut.
MARKET NEWS
* wo major U.S. stock indexes set fresh record closing highs on Thursday on investors' optimism about big banks' second-quarter earnings, while European shares also rose and oil prices rebounded from the previous session's bruising losses.
RELATED
> Bayer sweetens offer for hesitant Monsanto
> Indonesian robusta coffee loses export opportunities as supplies tighten
> India's monsoon rains 11 pct above average in past week - weather office
> China's provinces enlist banks to defy overcapacity cuts
> LME says to freeze warehouse rental rates for 5 years
Palm, soy and crude oil prices at 0034 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 5208 +126.0 5150 5238 361792
CHINA SOYOIL SEP6 6154 +22.00 6116 6184 210492
CBOT SOY OIL DEC6 31.24 +4.10 31.11 31.27 710
INDIA PALM OIL JUL6 497.20 +4.10 490.60 498.8 1667
INDIA SOYOIL JUL6 629 +2.60 625.3 631.5 4040
NYMEX CRUDE AUG6 45.23 -0.45 45.19 45.52 3058
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 rose on Thursday on short-covering and tracking higher Chinese and U.S. oil prices.
* U.S. soybean futures fell 3.8 percent on Thursday, giving up early gains after new weather forecasts boosted expectations of a robust harvest in the United States.
* Oil prices rose 2 percent on Thursday as traders covered short positions a day after crude futures were hammered by data showing weak U.S. fuel demand in a busy summer driving season that heightened fears about a global oil glut.
MARKET NEWS
* wo major U.S. stock indexes set fresh record closing highs on Thursday on investors' optimism about big banks' second-quarter earnings, while European shares also rose and oil prices rebounded from the previous session's bruising losses.
RELATED
> Bayer sweetens offer for hesitant Monsanto
> Indonesian robusta coffee loses export opportunities as supplies tighten
> India's monsoon rains 11 pct above average in past week - weather office
> China's provinces enlist banks to defy overcapacity cuts
> LME says to freeze warehouse rental rates for 5 years
Palm, soy and crude oil prices at 0034 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 5208 +126.0 5150 5238 361792
CHINA SOYOIL SEP6 6154 +22.00 6116 6184 210492
CBOT SOY OIL DEC6 31.24 +4.10 31.11 31.27 710
INDIA PALM OIL JUL6 497.20 +4.10 490.60 498.8 1667
INDIA SOYOIL JUL6 629 +2.60 625.3 631.5 4040
NYMEX CRUDE AUG6 45.23 -0.45 45.19 45.52 3058
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