MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Sept 15
VEGOILS-Market Factors to Watch Sept 15
15/09/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Sept 15.
FUNDAMENTALS
* Malaysian palm oil futures hit their lowest in nearly two weeks on Wednesday as weak demand outweighed support from a weaker ringgit and data showing end-August stocks at a near six-year low.
* U.S. wheat and corn futures firmed slightly on Wednesday, supported by a round of bargain buying, traders said.
* Oil prices fell about 3 percent for a second straight day on Wednesday, after data showing large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles.
MARKET NEWS
* The U.S. Treasury yield curve hit its steepest in more than two months on Wednesday, while world stock markets edged lower as investors fretted about future U.S. interest rate hikes.
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DATA/EVENTS
Cargo surveyor ITS releases Malaysia's Sept 1-15 palm oil export data on Sept 15.
Cargo surveyor SGS releases Malaysia's Sept 1-15 palm oil export data on Sept 15.
FUNDAMENTALS
* Malaysian palm oil futures hit their lowest in nearly two weeks on Wednesday as weak demand outweighed support from a weaker ringgit and data showing end-August stocks at a near six-year low.
* U.S. wheat and corn futures firmed slightly on Wednesday, supported by a round of bargain buying, traders said.
* Oil prices fell about 3 percent for a second straight day on Wednesday, after data showing large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles.
MARKET NEWS
* The U.S. Treasury yield curve hit its steepest in more than two months on Wednesday, while world stock markets edged lower as investors fretted about future U.S. interest rate hikes.
RELATED
Bayer's Monsanto acquisition to face politically charged scrutiny
ChemChina seals combination of Israel's Adama with Sanonda
Sliding U.S. export share, trade disputes, set stage for China grains clash
Russia says Egypt's policy won't significantly affect wheat exports
Ivory Coast awards San Pedro port expansion to MSC, Bilal Group
DATA/EVENTS
Cargo surveyor ITS releases Malaysia's Sept 1-15 palm oil export data on Sept 15.
Cargo surveyor SGS releases Malaysia's Sept 1-15 palm oil export data on Sept 15.