MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Dec 17
VEGOILS-Market Factors to Watch Dec 17
17/12/2014 (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 third day on Tuesday and slide to their weakest in nearly two weeks, as crude deepened its sharp drop and volatility in emerging Asian markets turned investors wary.
* Chicago Board of Trade wheat futures climbed to a six-month high Tuesday on lingering fears that Russia might seek to curb grain exports as a result of pressure on the rouble.
* Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55.
MARKET NEWS
* World markets braced for more volatility on Wednesday as tumbling oil prices and a brewing financial crisis in Russia sent investors stampeding for safe havens such as the yen and U.S. Treasuries.
RELATED
> Malaysia extends export duty exemption on crude palm oil to Jan
> U.S. Senator Levin aims to clamp down on physical commodity trading
> U.S. says has not received notice of China approving Viptera corn
> Brazil's Abiove stands by more modest soy forecast
> China buyers in deals for more than 1 mln tonnes of U.S. soy
> France plans to cut reliance on soybean imports
> Kuwait minister says oil prices could improve in second half of 2015
> Indonesia lax when illegal loggers clear forests for palm plantations -TRFN
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Dec. 1-20 palm oil exports on Dec. 22.
Palm, soy and crude oil prices at 0027 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
MY PALM OIL MAR5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 4946 -42.00 4920 4968 428936
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL JAN5 31.80 -5.20 0.00 0.00 0
INDIA PALM OIL DEC4 416.50 -5.20 415.00 420.90 1204
INDIA SOYOIL DEC4 582.50 +0.75 580.10 584.00 10105
NYMEX CRUDE JAN5 55.50 -0.43 55.17 55.59 1611
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 third day on Tuesday and slide to their weakest in nearly two weeks, as crude deepened its sharp drop and volatility in emerging Asian markets turned investors wary.
* Chicago Board of Trade wheat futures climbed to a six-month high Tuesday on lingering fears that Russia might seek to curb grain exports as a result of pressure on the rouble.
* Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55.
MARKET NEWS
* World markets braced for more volatility on Wednesday as tumbling oil prices and a brewing financial crisis in Russia sent investors stampeding for safe havens such as the yen and U.S. Treasuries.
RELATED
> Malaysia extends export duty exemption on crude palm oil to Jan
> U.S. Senator Levin aims to clamp down on physical commodity trading
> U.S. says has not received notice of China approving Viptera corn
> Brazil's Abiove stands by more modest soy forecast
> China buyers in deals for more than 1 mln tonnes of U.S. soy
> France plans to cut reliance on soybean imports
> Kuwait minister says oil prices could improve in second half of 2015
> Indonesia lax when illegal loggers clear forests for palm plantations -TRFN
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Dec. 1-20 palm oil exports on Dec. 22.
Palm, soy and crude oil prices at 0027 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
MY PALM OIL MAR5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 4946 -42.00 4920 4968 428936
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL JAN5 31.80 -5.20 0.00 0.00 0
INDIA PALM OIL DEC4 416.50 -5.20 415.00 420.90 1204
INDIA SOYOIL DEC4 582.50 +0.75 580.10 584.00 10105
NYMEX CRUDE JAN5 55.50 -0.43 55.17 55.59 1611
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