MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch October 3
VEGOILS-Market Factors to Watch October 3
03/10/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell for a fourth consecutive session on Monday evening, weighed down by weaker soyoil on the Chicago Board of Trade (CBOT) and expectations of rising stockpiles.
* U.S. soybean prices fell on Tuesday as expectations for bumper supplies weighed, though losses were checked as the U.S. Department of Agriculture said the pace of harvest was lagging forecasts.
* Oil fell more than $1 a barrel on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices notch their biggest third-quarter gain in 13 years.
MARKET NEWS
* Asian shares tiptoed lower on Tuesday, pressured by weaker oil prices but supported by records on Wall Street and upbeat economic data that lifted U.S. Treasury yields and the dollar.
RELATED
> Soaring river freight hits farmers as grain prices slide
> Poor rains to spur bigger drop in Brazil's corn area -forecaster
> Saudi Arabia may keep Nov Arab Light crude price to Asia little changed
> Thyssen-Tata merger puts fate of UK's top steel plant at risk amid dismal earnings
> China's northern cities face soot-free winter with gas revolution
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.
> Cargo surveyor SGS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.
Palm, soy and crude oil prices at 0108 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT7 0 +0.00 0 0 0
MY PALM OIL NOV7 0 +0.00 0 0 0
MY PALM OIL DEC7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 0 +0.00 0 0 0
CHINA SOYOIL JAN8 0 +0.00 0 0 0
CBOT SOY OIL DEC7 32.41 +0.00 32.4 32.55 1649
INDIA PALM OIL OCT7 532.20 -4.10 528.40 538 2975
INDIA SOYOIL OCT7 661.7 -5.45 659.3 667.8 21250
NYMEX CRUDE NOV7 50.41 -0.17 50.39 50.61 5401
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 for a fourth consecutive session on Monday evening, weighed down by weaker soyoil on the Chicago Board of Trade (CBOT) and expectations of rising stockpiles.
* U.S. soybean prices fell on Tuesday as expectations for bumper supplies weighed, though losses were checked as the U.S. Department of Agriculture said the pace of harvest was lagging forecasts.
* Oil fell more than $1 a barrel on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices notch their biggest third-quarter gain in 13 years.
MARKET NEWS
* Asian shares tiptoed lower on Tuesday, pressured by weaker oil prices but supported by records on Wall Street and upbeat economic data that lifted U.S. Treasury yields and the dollar.
RELATED
> Soaring river freight hits farmers as grain prices slide
> Poor rains to spur bigger drop in Brazil's corn area -forecaster
> Saudi Arabia may keep Nov Arab Light crude price to Asia little changed
> Thyssen-Tata merger puts fate of UK's top steel plant at risk amid dismal earnings
> China's northern cities face soot-free winter with gas revolution
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.
> Cargo surveyor SGS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.
Palm, soy and crude oil prices at 0108 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT7 0 +0.00 0 0 0
MY PALM OIL NOV7 0 +0.00 0 0 0
MY PALM OIL DEC7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 0 +0.00 0 0 0
CHINA SOYOIL JAN8 0 +0.00 0 0 0
CBOT SOY OIL DEC7 32.41 +0.00 32.4 32.55 1649
INDIA PALM OIL OCT7 532.20 -4.10 528.40 538 2975
INDIA SOYOIL OCT7 661.7 -5.45 659.3 667.8 21250
NYMEX CRUDE NOV7 50.41 -0.17 50.39 50.61 5401
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