MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Aug 3
VEGOILS-Market Factors to Watch Aug 3
03/08/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures reversed earlier losses to rise in late trade on Tuesday, charting a third consecutive winning session, tracking stronger U.S. soyoil and Chinese refined, bleached and deodorized (RBD) palm olein.
* U.S. soybean futures declined on Tuesday as favorable weather in the Midwest bolstered expectations of a large crop, analysts said.
* U.S. crude oil fell on Tuesday to end below $40 a barrel for the first time since April as persistent worries of both a crude and refined fuel glut and a slide in U.S. equities offset an early boost from a weak dollar.
MARKET NEWS
* Weak U.S. economic data and disappointing auto sales numbers drove Wall Street down on Tuesday, further dragging on global equity prices after the approval of a fiscal stimulus package by Japan's cabinet failed to cheer markets.
RELATED
> Brazil's budget committee approves 2017 budget guidelines bill
> Brazil working to allow import of U.S. GMO corn
> ADM eyes ethanol asset sales as weak margins hit Q2 profit
> GRAINS-U.S. corn pauses after near 2-year low on good crop prospects
> European feeds-Soymeal slides on good U.S. crop outlook
Palm, soy and crude oil prices at 0032 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5156 +80.00 5116 5192 412550
CHINA SOYOIL JAN7 6128 +14.00 6120 6172 261654
CBOT SOY OIL DEC6 30.53 +12.50 30.4 30.55 918
INDIA PALM OIL AUG6 517.80 +12.50 505.50 521 5016
INDIA SOYOIL AUG6 632.4 +4.75 626 635 50590
NYMEX CRUDE SEP6 39.63 +0.12 39.61 39.86 6167
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 reversed earlier losses to rise in late trade on Tuesday, charting a third consecutive winning session, tracking stronger U.S. soyoil and Chinese refined, bleached and deodorized (RBD) palm olein.
* U.S. soybean futures declined on Tuesday as favorable weather in the Midwest bolstered expectations of a large crop, analysts said.
* U.S. crude oil fell on Tuesday to end below $40 a barrel for the first time since April as persistent worries of both a crude and refined fuel glut and a slide in U.S. equities offset an early boost from a weak dollar.
MARKET NEWS
* Weak U.S. economic data and disappointing auto sales numbers drove Wall Street down on Tuesday, further dragging on global equity prices after the approval of a fiscal stimulus package by Japan's cabinet failed to cheer markets.
RELATED
> Brazil's budget committee approves 2017 budget guidelines bill
> Brazil working to allow import of U.S. GMO corn
> ADM eyes ethanol asset sales as weak margins hit Q2 profit
> GRAINS-U.S. corn pauses after near 2-year low on good crop prospects
> European feeds-Soymeal slides on good U.S. crop outlook
Palm, soy and crude oil prices at 0032 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5156 +80.00 5116 5192 412550
CHINA SOYOIL JAN7 6128 +14.00 6120 6172 261654
CBOT SOY OIL DEC6 30.53 +12.50 30.4 30.55 918
INDIA PALM OIL AUG6 517.80 +12.50 505.50 521 5016
INDIA SOYOIL AUG6 632.4 +4.75 626 635 50590
NYMEX CRUDE SEP6 39.63 +0.12 39.61 39.86 6167
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