MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Feb 14
VEGOILS-Market Factors to Watch Feb 14
14/02/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures on Monday hit a two-week low, recording a second straight session of declines, as prices were weighed down by prospects of improving levels in production.
* U.S. wheat futures rallied for the fifth day in a row on Monday, hitting a 7-1/2-month high as investment funds continue to add the grain to their portfolio despite ample global supplies.
* Oil prices declined on Monday by about 2 percent, the most since mid-January, pressured by a stronger dollar and signs of rising U.S. crude output.
MARKET NEWS
* A gauge of global equity markets advanced on Monday and bond yields rose as investors flocked to assets likely to benefit from reflationary policies that are expected to be implemented by U.S. President Donald Trump.
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> Fake receipts at Glencore warehouse unit triggered sector credit freeze, Qingdao shivers
-sources
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s Feb 1-15 palm oil export data on Feb 15.
> Cargo surveyor SGS releases Malaysia’s Feb 1-15 palm oil export data on Feb 15.
Palm, soy and crude oil prices at 0039 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 6162 -62.00 6144 6184 173984
CHINA SOYOIL MAY7 6888 -40.00 6872 6910 120020
CBOT SOY OIL MAR7 34.17 -7.10 0 0 0
INDIA PALM OIL FEB7 570.90 -7.10 570.40 575.9 1209
INDIA SOYOIL FEB7 696.6 -6.85 696.5 701 7770
NYMEX CRUDE MAR7 53.04 +0.11 52.88 53.08 4610
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 on Monday hit a two-week low, recording a second straight session of declines, as prices were weighed down by prospects of improving levels in production.
* U.S. wheat futures rallied for the fifth day in a row on Monday, hitting a 7-1/2-month high as investment funds continue to add the grain to their portfolio despite ample global supplies.
* Oil prices declined on Monday by about 2 percent, the most since mid-January, pressured by a stronger dollar and signs of rising U.S. crude output.
MARKET NEWS
* A gauge of global equity markets advanced on Monday and bond yields rose as investors flocked to assets likely to benefit from reflationary policies that are expected to be implemented by U.S. President Donald Trump.
RELATED
> Malaysia's shooting-star bauxite industry faces burn up
> After Islamic State defeat, broken Iraqi farmers weigh heavy losses
> China's pain, Italy's gain: high costs push textile buyers west
> Judge denies tribes' request to block final link in Dakota pipeline
> Fake receipts at Glencore warehouse unit triggered sector credit freeze, Qingdao shivers
-sources
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s Feb 1-15 palm oil export data on Feb 15.
> Cargo surveyor SGS releases Malaysia’s Feb 1-15 palm oil export data on Feb 15.
Palm, soy and crude oil prices at 0039 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 6162 -62.00 6144 6184 173984
CHINA SOYOIL MAY7 6888 -40.00 6872 6910 120020
CBOT SOY OIL MAR7 34.17 -7.10 0 0 0
INDIA PALM OIL FEB7 570.90 -7.10 570.40 575.9 1209
INDIA SOYOIL FEB7 696.6 -6.85 696.5 701 7770
NYMEX CRUDE MAR7 53.04 +0.11 52.88 53.08 4610
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