MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch August 1
VEGOILS-Market Factors to Watch August 1
01/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures hit a near four-month high in early trade on Monday, tracking overnight gains in soyoil on the Chicago Board of Trade and on forecasts of lower-than-expected output increases and end-stocks. POI/
* U.S. corn and soybean futures weakened on Monday on forecasts for beneficial weather for crop development, traders said. GRA/
* Oil prices rose to two-month highs on Monday, ending the strongest month of the year for crude futures, boosted in part by expectations of U.S. sanctions against Venezuela's oil sector and as supply concerns have waned in recent weeks. O/R
MARKET NEWS
* Retreating U.S. technology shares and soft European markets capped world equity gains on Monday, while the U.S. dollar fell to its lowest level in over a year against a basket of major currencies. MKTS/GLOB
RELATED
> Export Summary-Colombia buys corn; South Korea tenders for rice
> ICE Canada canola futures dip due to cooler U.S. weather
> U.S. biodiesel output rises to 136 million gallons in May -EIA
> POLL-U.S. corn, soy, spring wheat ratings seen unchanged in week
> More sun needed for Ivory Coast cocoa main crop
> Cargo surveyor ITS releases Malaysia's July 1-31 palm oil export data on August 10.
> Cargo surveyor SGS releases Malaysia's July 1-31 palm oil export data on August 10.
Palm, soy and crude oil prices at 0049 GMT Contract
Month Last Change Low High Volume
MY PALM OIL AUG7 0 +0.00 0 0 0
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5518 +72.00 5442 5520 212582
CHINA SOYOIL JAN8 6362 +72.00 6292 6368 181374
CBOT SOY OIL DEC7 35.05 +3.80 34.8 35.06 3704
INDIA PALM OIL AUG7 492.80 +3.80 488.40 494.1 2585
INDIA SOYOIL AUG7 650.9 +4.75 646.8 652.35 35050
NYMEX CRUDE SEP7 50.22 +0.05 50.13 50.23 5807
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 hit a near four-month high in early trade on Monday, tracking overnight gains in soyoil on the Chicago Board of Trade and on forecasts of lower-than-expected output increases and end-stocks. POI/
* U.S. corn and soybean futures weakened on Monday on forecasts for beneficial weather for crop development, traders said. GRA/
* Oil prices rose to two-month highs on Monday, ending the strongest month of the year for crude futures, boosted in part by expectations of U.S. sanctions against Venezuela's oil sector and as supply concerns have waned in recent weeks. O/R
MARKET NEWS
* Retreating U.S. technology shares and soft European markets capped world equity gains on Monday, while the U.S. dollar fell to its lowest level in over a year against a basket of major currencies. MKTS/GLOB
RELATED
> Export Summary-Colombia buys corn; South Korea tenders for rice
> ICE Canada canola futures dip due to cooler U.S. weather
> U.S. biodiesel output rises to 136 million gallons in May -EIA
> POLL-U.S. corn, soy, spring wheat ratings seen unchanged in week
> More sun needed for Ivory Coast cocoa main crop
> Cargo surveyor ITS releases Malaysia's July 1-31 palm oil export data on August 10.
> Cargo surveyor SGS releases Malaysia's July 1-31 palm oil export data on August 10.
Palm, soy and crude oil prices at 0049 GMT Contract
Month Last Change Low High Volume
MY PALM OIL AUG7 0 +0.00 0 0 0
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5518 +72.00 5442 5520 212582
CHINA SOYOIL JAN8 6362 +72.00 6292 6368 181374
CBOT SOY OIL DEC7 35.05 +3.80 34.8 35.06 3704
INDIA PALM OIL AUG7 492.80 +3.80 488.40 494.1 2585
INDIA SOYOIL AUG7 650.9 +4.75 646.8 652.35 35050
NYMEX CRUDE SEP7 50.22 +0.05 50.13 50.23 5807
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