MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Aug 26
VEGOILS-Market Factors to Watch Aug 26
26/08/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures recorded their first session of declines in three on Thursday, weighed down by weaker related vegetable oils, despite strong cargo surveyor export data for August.
* Chicago soybean futures slid for a third consecutive session on Thursday, giving up 3 percent to their lowest since mid-August, as a widely watched crop tour reported bumper prospects across the U.S. Midwest.
* Oil prices rose 1 percent on Thursdayon U.S.-Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. Federal Reserve chair.
MARKET NEWS
* Caution ahead of a speech by Federal Reserve Chair Janet Yellen's speech at the annual gathering of central bankers in Jackson Hole, Wyoming, limited movements across global markets on Friday.
RELATED
> China raps Ottawa as dispute over Canada canola exports deepens
> Argentine soy growers fret seed royalties bill might favor Monsanto
> Southern Minnesota corn seen below 2015 after hot, wet summer -tour
> Indonesia fire arrests jump amid efforts to stop haze
> GM mustard clears hurdle in India but more remain
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Aug 1-31 palm oil export data on Sept 1.
> Cargo surveyor SGS releases Malaysia's Aug 1-31 palm oil export data on Sept 1.
Palm, soy and crude oil prices at 0040 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
MY PALM OIL NOV6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5458 -84.00 5454 5522 437434
CHINA SOYOIL JAN7 6278 -62.00 6274 6324 198140
CBOT SOY OIL DEC6 33.33 -3.30 33.32 33.39 701
INDIA PALM OIL AUG6 562.40 -3.30 561.00 566.2 1302
INDIA SOYOIL SEP6 650 -8.05 649.7 655.8 47950
NYMEX CRUDE OCT6 47.32 -0.01 47.31 47.41 1931
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 recorded their first session of declines in three on Thursday, weighed down by weaker related vegetable oils, despite strong cargo surveyor export data for August.
* Chicago soybean futures slid for a third consecutive session on Thursday, giving up 3 percent to their lowest since mid-August, as a widely watched crop tour reported bumper prospects across the U.S. Midwest.
* Oil prices rose 1 percent on Thursdayon U.S.-Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. Federal Reserve chair.
MARKET NEWS
* Caution ahead of a speech by Federal Reserve Chair Janet Yellen's speech at the annual gathering of central bankers in Jackson Hole, Wyoming, limited movements across global markets on Friday.
RELATED
> China raps Ottawa as dispute over Canada canola exports deepens
> Argentine soy growers fret seed royalties bill might favor Monsanto
> Southern Minnesota corn seen below 2015 after hot, wet summer -tour
> Indonesia fire arrests jump amid efforts to stop haze
> GM mustard clears hurdle in India but more remain
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Aug 1-31 palm oil export data on Sept 1.
> Cargo surveyor SGS releases Malaysia's Aug 1-31 palm oil export data on Sept 1.
Palm, soy and crude oil prices at 0040 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
MY PALM OIL NOV6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5458 -84.00 5454 5522 437434
CHINA SOYOIL JAN7 6278 -62.00 6274 6324 198140
CBOT SOY OIL DEC6 33.33 -3.30 33.32 33.39 701
INDIA PALM OIL AUG6 562.40 -3.30 561.00 566.2 1302
INDIA SOYOIL SEP6 650 -8.05 649.7 655.8 47950
NYMEX CRUDE OCT6 47.32 -0.01 47.31 47.41 1931
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