MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch August 16
VEGOILS-Market Factors to Watch August 16
16/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures slid on Tuesday evening to their steepest fall in a week, tracking a decline in exports and weaker performance among other related edible oils. POI/
* Chicago Board of Trade corn 0#C: tumbled to a 10-month low on Tuesday and soybeans 0#S: fell to a six-week low as rains boosted expectations for bumper U.S. crops, traders said. GRA/
* Oil prices rose early on Wednesday on a fall in U.S. crude inventories, although analysts said that markets were still being weighed down by general oversupply. O/R
MARKET NEWS
* The U.S. dollar and U.S. Treasury yields climbed on Tuesday after solid U.S. retail data and an easing in U.S.-North Korean rhetoric, but Wall Street was held down by weakness in retail stocks. MKTS/GLOB
RELATED
> Argentina corn area to reach second consecutive record
> 'Group think' on U.S. corn, soy yields let market watchers down
> Former chairman of Malaysian oil palm firm Felda arrested, says Bernama
> Value of Brazil agricultural output rises on productivity gains
> Funds net sellers of CBOT corn, soy and wheat
> Cargo surveyor ITS releases Malaysia's Aug 1-20 palm oil export data on August 20.
> Cargo surveyor SGS releases Malaysia's Aug 1-20 palm oil export data on August 20.
Palm, soy and crude oil prices at 0053 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 00
MY PALM OIL NOV7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5332 -72.00 5324 5358 216258
CHINA SOYOIL JAN8 6226 -48.00 6220 6248 149154
CBOT SOY OIL DEC7 32.98 -2.90 32.96 33.08 2558
INDIA PALM OIL AUG7 497.40 -2.90 496.90 507.8 3137
INDIA SOYOIL AUG7 642.5 -3.35 642.2 655 13130
NYMEX CRUDE SEP7 47.68 +0.13 47.66 47.74 5625
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 slid on Tuesday evening to their steepest fall in a week, tracking a decline in exports and weaker performance among other related edible oils. POI/
* Chicago Board of Trade corn 0#C: tumbled to a 10-month low on Tuesday and soybeans 0#S: fell to a six-week low as rains boosted expectations for bumper U.S. crops, traders said. GRA/
* Oil prices rose early on Wednesday on a fall in U.S. crude inventories, although analysts said that markets were still being weighed down by general oversupply. O/R
MARKET NEWS
* The U.S. dollar and U.S. Treasury yields climbed on Tuesday after solid U.S. retail data and an easing in U.S.-North Korean rhetoric, but Wall Street was held down by weakness in retail stocks. MKTS/GLOB
RELATED
> Argentina corn area to reach second consecutive record
> 'Group think' on U.S. corn, soy yields let market watchers down
> Former chairman of Malaysian oil palm firm Felda arrested, says Bernama
> Value of Brazil agricultural output rises on productivity gains
> Funds net sellers of CBOT corn, soy and wheat
> Cargo surveyor ITS releases Malaysia's Aug 1-20 palm oil export data on August 20.
> Cargo surveyor SGS releases Malaysia's Aug 1-20 palm oil export data on August 20.
Palm, soy and crude oil prices at 0053 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 00
MY PALM OIL NOV7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5332 -72.00 5324 5358 216258
CHINA SOYOIL JAN8 6226 -48.00 6220 6248 149154
CBOT SOY OIL DEC7 32.98 -2.90 32.96 33.08 2558
INDIA PALM OIL AUG7 497.40 -2.90 496.90 507.8 3137
INDIA SOYOIL AUG7 642.5 -3.35 642.2 655 13130
NYMEX CRUDE SEP7 47.68 +0.13 47.66 47.74 5625
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