MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Jan 26
VEGOILS-Market Factors to Watch Jan 26
26/01/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures declined to their lowest since December on Friday, as global market uncertainties diminished demand for the edible oil from top customers China and India, but a forecast dip in production after Malaysia's recent floods provided support.
* U.S. corn futures firmed on Friday on support from bigger-than-expected U.S. export sales, traders said.
* Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply.
MARKET NEWS
* The euro skidded to near an 11-year low and U.S. stock futures fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.
RELATED
> Dec U.S. cattle placements slowed more than anticipated
> Deere to cut more than 900 U.S. workers as farm economy weakens
> Brazil rains to favor southeast over center-west soy belt - Somar
> Brazil posts record current account gap in 2014
> Brazilian meats processor BRF looks to expand in Asia
> Saudi King Salman vows to maintain same approach as his predecessors - live speech
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Jan. 1-25 palm oil exports on Jan. 26.
Palm, soy and crude oil prices at 0036 GMT
Contract Month Last Change Low High Volume
CHINA PALM OLEIN MAY5 4862 -6.00 4844 4874 94252
CHINA SOYOIL MAY5 5550 -16.00 5528 5562 99230
CBOT SOY OIL MAR5 31.60 -3.50 0.00 0.00 0
INDIA PALM OIL JAN5 434.90 -3.50 434.00 439.50 488
INDIA SOYOIL FEB5 616.00 -9.00 615.70 624.80 50145
NYMEX CRUDE MAR5 45.09 -0.50 44.35 45.35 16308
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 declined to their lowest since December on Friday, as global market uncertainties diminished demand for the edible oil from top customers China and India, but a forecast dip in production after Malaysia's recent floods provided support.
* U.S. corn futures firmed on Friday on support from bigger-than-expected U.S. export sales, traders said.
* Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply.
MARKET NEWS
* The euro skidded to near an 11-year low and U.S. stock futures fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.
RELATED
> Dec U.S. cattle placements slowed more than anticipated
> Deere to cut more than 900 U.S. workers as farm economy weakens
> Brazil rains to favor southeast over center-west soy belt - Somar
> Brazil posts record current account gap in 2014
> Brazilian meats processor BRF looks to expand in Asia
> Saudi King Salman vows to maintain same approach as his predecessors - live speech
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's Jan. 1-25 palm oil exports on Jan. 26.
Palm, soy and crude oil prices at 0036 GMT
Contract Month Last Change Low High Volume
CHINA PALM OLEIN MAY5 4862 -6.00 4844 4874 94252
CHINA SOYOIL MAY5 5550 -16.00 5528 5562 99230
CBOT SOY OIL MAR5 31.60 -3.50 0.00 0.00 0
INDIA PALM OIL JAN5 434.90 -3.50 434.00 439.50 488
INDIA SOYOIL FEB5 616.00 -9.00 615.70 624.80 50145
NYMEX CRUDE MAR5 45.09 -0.50 44.35 45.35 16308
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