MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 16
VEGOILS-Market Factors to Watch Nov 16
16/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures declined for a second straight session on Tuesday after weaker export data from a cargo surveyor prompted traders to sell.
* U.S. corn and wheat prices each rose more than 1 percent on Tuesday as strength in crude oil helped the broader commodities sector rebound from sharp declines a day earlier, analysts said.
* U.S. crude futures slipped on Wednesday after an industry report showed an unexpected build in U.S. oil stocks, paring some of the gains from the session before when prices rose by the most since early April.
MARKET NEWS
* MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade on Wednesday, bouncing back from a four-month low touched the previous day.
RELATED
> Bayer to raise 4 bln euros via convertible notes for Monsanto deal
> Soy weighing down palm in vegoil market
> Global dairy prices rise as supply tightens, demand picks up
> Saudi, Russian energy ministers may meet in Doha ahead of OPEC
> France, UN tell Trump action on climate change unstoppable
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.
> Cargo surveyor SGS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.
Palm, soy and crude oil prices at 0103 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC6 0 +0.00 0 0 0
MY PALM OIL JAN7 0 +0.00 0 0 0
MY PALM OIL FEB7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 6068 +94.00 5918 6086 357736
CHINA SOYOIL JAN7 6630 +56.00 6550 6648 166088
CBOT SOY OIL DEC6 34.3 -1.60 34.28 34.41 753
INDIA PALM OIL NOV6 521.60 -1.60 516.40 527.6 917
INDIA SOYOIL NOV6 676.7 +3.70 674.5 678 4260
NYMEX CRUDE DEC6 45.73 -0.08 45.62 45.82 6305
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 declined for a second straight session on Tuesday after weaker export data from a cargo surveyor prompted traders to sell.
* U.S. corn and wheat prices each rose more than 1 percent on Tuesday as strength in crude oil helped the broader commodities sector rebound from sharp declines a day earlier, analysts said.
* U.S. crude futures slipped on Wednesday after an industry report showed an unexpected build in U.S. oil stocks, paring some of the gains from the session before when prices rose by the most since early April.
MARKET NEWS
* MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade on Wednesday, bouncing back from a four-month low touched the previous day.
RELATED
> Bayer to raise 4 bln euros via convertible notes for Monsanto deal
> Soy weighing down palm in vegoil market
> Global dairy prices rise as supply tightens, demand picks up
> Saudi, Russian energy ministers may meet in Doha ahead of OPEC
> France, UN tell Trump action on climate change unstoppable
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.
> Cargo surveyor SGS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.
Palm, soy and crude oil prices at 0103 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC6 0 +0.00 0 0 0
MY PALM OIL JAN7 0 +0.00 0 0 0
MY PALM OIL FEB7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 6068 +94.00 5918 6086 357736
CHINA SOYOIL JAN7 6630 +56.00 6550 6648 166088
CBOT SOY OIL DEC6 34.3 -1.60 34.28 34.41 753
INDIA PALM OIL NOV6 521.60 -1.60 516.40 527.6 917
INDIA SOYOIL NOV6 676.7 +3.70 674.5 678 4260
NYMEX CRUDE DEC6 45.73 -0.08 45.62 45.82 6305
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