MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Jan 19
VEGOILS-Market Factors to Watch Jan 19
19/01/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Wednesday evening on a strengthening ringgit MYR= and forecasts of higher production.
* U.S. soybean futures rose on Wednesday for a fourth straight session, notching a six-month high on worries that recent heavy rains could damage crops in Argentina.
* Oil prices fell on Wednesday to their lowest in a week, on a strong dollar and expectations that U.S. producers would boost output even as OPEC's output fell from a record high.
MARKET NEWS
* Oil prices fell on Wednesday to their lowest in a week, on a strong dollar and expectations that U.S. producers would boost output even as OPEC's output fell from a record high.
RELATED
> Weak road freights in Brazil anger truckers, benefit soybean crop
> China reports H5N8 bird flu in swans at Wuhan zoo - OIE
> South African maize planting area seen a third larger as rains return
> Rio Tinto, Chinalco call it quits on joint exploration venture
> Global oil, gas discoveries drop to 70-year low -Rystad Energy
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Jan 1-20 palm oil export data on Jan 20.
> Cargo surveyor SGS releases Malaysia's Jan 1-20 palm oil export data on Jan 20.
Palm, soy and crude oil prices at 0103 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB7 0 +0.00 0 0 0
MY PALM OIL MAR7 0 +0.00 0 0 0
MY PALM OIL APR7 0 +0.00 0 0 0
CHINA PALM OLEIN MAY7 6314 -2.00 6268 6326 180990
CHINA SOYOIL MAY7 7032 +26.00 6992 7048 143014
CBOT SOY OIL MAR7 35.57 +0.50 35.57 35.65 488
INDIA PALM OIL JAN7 595.30 +0.50 593.60 597.3 1018
INDIA SOYOIL JAN7 733 -1.45 732.8 734.3 1570
NYMEX CRUDE FEB7 51.51 +0.43 51.36 51.52 588
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 fell on Wednesday evening on a strengthening ringgit MYR= and forecasts of higher production.
* U.S. soybean futures rose on Wednesday for a fourth straight session, notching a six-month high on worries that recent heavy rains could damage crops in Argentina.
* Oil prices fell on Wednesday to their lowest in a week, on a strong dollar and expectations that U.S. producers would boost output even as OPEC's output fell from a record high.
MARKET NEWS
* Oil prices fell on Wednesday to their lowest in a week, on a strong dollar and expectations that U.S. producers would boost output even as OPEC's output fell from a record high.
RELATED
> Weak road freights in Brazil anger truckers, benefit soybean crop
> China reports H5N8 bird flu in swans at Wuhan zoo - OIE
> South African maize planting area seen a third larger as rains return
> Rio Tinto, Chinalco call it quits on joint exploration venture
> Global oil, gas discoveries drop to 70-year low -Rystad Energy
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Jan 1-20 palm oil export data on Jan 20.
> Cargo surveyor SGS releases Malaysia's Jan 1-20 palm oil export data on Jan 20.
Palm, soy and crude oil prices at 0103 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB7 0 +0.00 0 0 0
MY PALM OIL MAR7 0 +0.00 0 0 0
MY PALM OIL APR7 0 +0.00 0 0 0
CHINA PALM OLEIN MAY7 6314 -2.00 6268 6326 180990
CHINA SOYOIL MAY7 7032 +26.00 6992 7048 143014
CBOT SOY OIL MAR7 35.57 +0.50 35.57 35.65 488
INDIA PALM OIL JAN7 595.30 +0.50 593.60 597.3 1018
INDIA SOYOIL JAN7 733 -1.45 732.8 734.3 1570
NYMEX CRUDE FEB7 51.51 +0.43 51.36 51.52 588
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