MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Sept 30
VEGOILS-Market Factors to Watch Sept 30
30/09/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil rose on Monday on expectations of positive palm oil export data for September and a weakening ringgit, but volumes remained low as competing edible oil prices slipped and U.S. soybeans hit a four-year low.
* U.S. corn and soybeans edged higher on Monday, rebounding from their multiyear lows reached earlier in the session as investors covered short positions ahead of a U.S. Department of Agriculture Department due on Tuesday.
* U.S. crude oil rose on Monday backed by strong U.S. economic data, while Brent edged up after nearing a two-year low last week.
MARKET NEWS
* Global equity markets fell on Monday as civil unrest in Hong Kong weighed on investor sentiment, while U.S. Treasury debt prices rose over uncertainty sparked by the protests.
RELATED
> PREVIEW-Huge incoming U.S. harvest seen dwarfing USDA stocks report
> Tight supplies seen limiting CBOT soymeal, soyoil deliveries
> Germany's KTG to expand soy crop, citing European demand for GMOs
> European feeds-Soymeal buyers wait for big U.S. crop
> Lanworth raises U.S. 2014 corn, soy production forecasts
> USDA to restart U.S. oilseed crush reports in 2015
> U.S. corn harvest seen behind at 15 percent - analysts
> Ukraine harvests 41.2 mln T grain from 75 pct area so far
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's September palm oil exports on Sept. 30.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT4 0 +0.00 0 0 0
MY PALM OIL NOV4 0 +0.00 0 0 0
MY PALM OIL DEC4 0 +0.00 0 0 0
CHINA PALM OLEIN JAN5 5224 +56.00 5176 5234 265854
CHINA SOYOIL JAN5 0 +0.00 0 0 0
CBOT SOY OIL DEC4 32.98 +3.60 32.93 33.02 1147
INDIA PALM OIL SEP4 473.70 +3.60 471.00 473.80 351
INDIA SOYOIL OCT4 618.00 +12.45 605.00 618.60 69580
NYMEX CRUDE NOV4 94.31 -0.26 94.18 94.38 1550
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 rose on Monday on expectations of positive palm oil export data for September and a weakening ringgit, but volumes remained low as competing edible oil prices slipped and U.S. soybeans hit a four-year low.
* U.S. corn and soybeans edged higher on Monday, rebounding from their multiyear lows reached earlier in the session as investors covered short positions ahead of a U.S. Department of Agriculture Department due on Tuesday.
* U.S. crude oil rose on Monday backed by strong U.S. economic data, while Brent edged up after nearing a two-year low last week.
MARKET NEWS
* Global equity markets fell on Monday as civil unrest in Hong Kong weighed on investor sentiment, while U.S. Treasury debt prices rose over uncertainty sparked by the protests.
RELATED
> PREVIEW-Huge incoming U.S. harvest seen dwarfing USDA stocks report
> Tight supplies seen limiting CBOT soymeal, soyoil deliveries
> Germany's KTG to expand soy crop, citing European demand for GMOs
> European feeds-Soymeal buyers wait for big U.S. crop
> Lanworth raises U.S. 2014 corn, soy production forecasts
> USDA to restart U.S. oilseed crush reports in 2015
> U.S. corn harvest seen behind at 15 percent - analysts
> Ukraine harvests 41.2 mln T grain from 75 pct area so far
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's September palm oil exports on Sept. 30.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT4 0 +0.00 0 0 0
MY PALM OIL NOV4 0 +0.00 0 0 0
MY PALM OIL DEC4 0 +0.00 0 0 0
CHINA PALM OLEIN JAN5 5224 +56.00 5176 5234 265854
CHINA SOYOIL JAN5 0 +0.00 0 0 0
CBOT SOY OIL DEC4 32.98 +3.60 32.93 33.02 1147
INDIA PALM OIL SEP4 473.70 +3.60 471.00 473.80 351
INDIA SOYOIL OCT4 618.00 +12.45 605.00 618.60 69580
NYMEX CRUDE NOV4 94.31 -0.26 94.18 94.38 1550
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