MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Jan 10
VEGOILS-Market Factors to Watch Jan 10
10/01/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose more than 1 percent on Monday, charting their first gain in four sessions, on expectations that exports would pick up this month while production remains weak.
* U.S. soybean futures firmed on Monday, settling up 1 percent on some concerns about rain in parts of Argentina curtailing crop production from the world's third largest exporter of the oilseed, traders said.
* Oil prices tumbled by 4 percent on Monday on concern that record Iraqi crude exports and rising U.S. output would undermine OPEC's efforts to curb global oversupply.
MARKET NEWS
* Oil prices fell on Monday on fears that record Iraqi crude exports and growing U.S. output could undermine OPEC's efforts to reduce supply, while sterling slumped on comments by British Prime Minister Theresa May suggesting what could be an aggressive exit from the European Union.
RELATED
> Bunge to build new soybean plant in Indiana or Ohio
> European feeds-Soymeal dips on beneficial Brazilian crop weather
> TABLE-U.S. November beef, pork and broiler trade data -- U.S. govt.
> Shallow water still hinders Rhine and Danube shipping in Germany
> COLUMN-Don't bank on the trimming trend to U.S. soybean carryout -Braun
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-31 palm oil export data on Jan 10.
> Cargo surveyor SGS releases Malaysia's Dec 1-31 palm oil export data on Jan 10.
Palm, soy and crude oil prices at 0001 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN7 0 +0.00 0 0 0
MY PALM OIL FEB7 0 +0.00 0 0 0
MY PALM OIL MAR7 0 +0.00 0 0 0
CHINA PALM OLEIN MAY7 6144 +36.00 6120 6170 178072
CHINA SOYOIL MAY7 6852 +34.00 6812 6858 102602
CBOT SOY OIL MAR7 35.49 +2.90 0 0 0
INDIA PALM OIL JAN7 584.30 +2.90 583.40 586.5 1009
INDIA SOYOIL JAN7 726.85 +0.80 724 727.8 7160
NYMEX CRUDE FEB7 51.94 -0.02 51.79 51.96 3506
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 rose more than 1 percent on Monday, charting their first gain in four sessions, on expectations that exports would pick up this month while production remains weak.
* U.S. soybean futures firmed on Monday, settling up 1 percent on some concerns about rain in parts of Argentina curtailing crop production from the world's third largest exporter of the oilseed, traders said.
* Oil prices tumbled by 4 percent on Monday on concern that record Iraqi crude exports and rising U.S. output would undermine OPEC's efforts to curb global oversupply.
MARKET NEWS
* Oil prices fell on Monday on fears that record Iraqi crude exports and growing U.S. output could undermine OPEC's efforts to reduce supply, while sterling slumped on comments by British Prime Minister Theresa May suggesting what could be an aggressive exit from the European Union.
RELATED
> Bunge to build new soybean plant in Indiana or Ohio
> European feeds-Soymeal dips on beneficial Brazilian crop weather
> TABLE-U.S. November beef, pork and broiler trade data -- U.S. govt.
> Shallow water still hinders Rhine and Danube shipping in Germany
> COLUMN-Don't bank on the trimming trend to U.S. soybean carryout -Braun
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-31 palm oil export data on Jan 10.
> Cargo surveyor SGS releases Malaysia's Dec 1-31 palm oil export data on Jan 10.
Palm, soy and crude oil prices at 0001 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN7 0 +0.00 0 0 0
MY PALM OIL FEB7 0 +0.00 0 0 0
MY PALM OIL MAR7 0 +0.00 0 0 0
CHINA PALM OLEIN MAY7 6144 +36.00 6120 6170 178072
CHINA SOYOIL MAY7 6852 +34.00 6812 6858 102602
CBOT SOY OIL MAR7 35.49 +2.90 0 0 0
INDIA PALM OIL JAN7 584.30 +2.90 583.40 586.5 1009
INDIA SOYOIL JAN7 726.85 +0.80 724 727.8 7160
NYMEX CRUDE FEB7 51.94 -0.02 51.79 51.96 3506
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