MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 30
VEGOILS-Market Factors to Watch Nov 30
30/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm futures declined in late trade on Tuesday, tracking a fall in prices of rival oils on China's Dalian Commodity Exchange and weakness on the Chicago Board of Trade.
* U.S. soybean futures fell 1.2 percent on Tuesday, pulling back from a 4-1/2 month high on a round of profit-taking, as well as pressure from falling crude oil prices.
* Oil slumped by roughly 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day ahead of meeting.
MARKET NEWS
* Stock prices around the world rose on Tuesday following upbeat U.S. growth data and strength
in U.S. healthcare shares, while oil prices tumbled to the weakest level in over a week on
doubts OPEC could reach an accord to reduce output.
RELATED
> Labour abuses found at Indonesian palm plantations -Amnesty
> Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting
> Canada approves new pipelines to boost exports, greens ready to fight
> U.S. corn acreage seen down, soy acres seen rising - USDA
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-25 palm oil export data on Nov 30.
> Cargo surveyor SGS releases Malaysia's Nov 1-25 palm oil export data on Nov 30.
Palm, soy and crude oil prices at 0041 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 MAY7 6154 -130.00 6120 6226 350610
CHINA SOYOIL MAY7 7072 -92.00 7036 7112 313288
CBOT SOY OIL JAN7 36.62 -2.60 0 0 0
INDIA PALM OIL NOV6 553.40 -2.60 552.20 554.4 398
INDIA SOYOIL DEC6 715 -1.75 713.1 717.2 13790
NYMEX CRUDE JAN7 45.41 +0.18 45.22 45.46 4604
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 futures declined in late trade on Tuesday, tracking a fall in prices of rival oils on China's Dalian Commodity Exchange and weakness on the Chicago Board of Trade.
* U.S. soybean futures fell 1.2 percent on Tuesday, pulling back from a 4-1/2 month high on a round of profit-taking, as well as pressure from falling crude oil prices.
* Oil slumped by roughly 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day ahead of meeting.
MARKET NEWS
* Stock prices around the world rose on Tuesday following upbeat U.S. growth data and strength
in U.S. healthcare shares, while oil prices tumbled to the weakest level in over a week on
doubts OPEC could reach an accord to reduce output.
RELATED
> Labour abuses found at Indonesian palm plantations -Amnesty
> Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting
> Canada approves new pipelines to boost exports, greens ready to fight
> U.S. corn acreage seen down, soy acres seen rising - USDA
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-25 palm oil export data on Nov 30.
> Cargo surveyor SGS releases Malaysia's Nov 1-25 palm oil export data on Nov 30.
Palm, soy and crude oil prices at 0041 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 MAY7 6154 -130.00 6120 6226 350610
CHINA SOYOIL MAY7 7072 -92.00 7036 7112 313288
CBOT SOY OIL JAN7 36.62 -2.60 0 0 0
INDIA PALM OIL NOV6 553.40 -2.60 552.20 554.4 398
INDIA SOYOIL DEC6 715 -1.75 713.1 717.2 13790
NYMEX CRUDE JAN7 45.41 +0.18 45.22 45.46 4604
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