MARKET DEVELOPMENT
Vegoils: Market Factors to Watch on Monday June 15
Vegoils: Market Factors to Watch on Monday June 15
15/06/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday June 15.
FUNDAMENTALS
*Malaysian palm oil futures fell to their lowest in two weeks on Friday and made their biggest weekly tumble in 12, as oversupply concerns were compounded by signs that buyers could switch to competing oils as the difference between prices has narrowed.
* U.S. wheat futures fell to their lowest level in 1-1/2 weeks on Friday, surrendering more gains from a recent rally, weighed down by plentiful supplies and slow export sales.
* Oil slid on Friday for a second day, giving back more of the week's gains as investors took profits on worries that higher Saudi Arabia output would feed the global supply glut.
MARKET NEWS
* The euro slipped in early Asian trade on Monday, after Greece's talks with lenders to avert a default ended with no agreement and a downbeat day on Wall Street was also likely to pressure Asian shares.
RELATED
> Brazil 2015-16 soy crop has 98.9 mln tonne potential-analyst
> Brazil's grain ports to face record volumes, consultant says
> U.S. distillers' grains prices tumble on China cancellation talk
> Indonesia sets June 15 start date for palm export levy - minister
> China seen cutting state corn prices as stocks rise, imports surge
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's June 1-15 palm oil exports on June 15.
Palm, soy and crude oil prices at 0017 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN5 0 +0.00 0 0 0
MY PALM OIL JUL5 0 +0.00 0 0 0
MY PALM OIL AUG5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 5178 -14.00 5154 5190 250060
CHINA SOYOIL JAN6 5864 -2.00 5846 5874 126610
CBOT SOY OIL JUL5 32.94 +4.10 32.94 33.06 1778
INDIA PALM OIL JUN5 455.80 +4.10 449.60 458.20 2308
INDIA SOYOIL JUN5 607.30 +2.25 604.10 611.00 5345
NYMEX CRUDE JUL5 59.79 -0.17 59.67 59.92 2658
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 to their lowest in two weeks on Friday and made their biggest weekly tumble in 12, as oversupply concerns were compounded by signs that buyers could switch to competing oils as the difference between prices has narrowed.
* U.S. wheat futures fell to their lowest level in 1-1/2 weeks on Friday, surrendering more gains from a recent rally, weighed down by plentiful supplies and slow export sales.
* Oil slid on Friday for a second day, giving back more of the week's gains as investors took profits on worries that higher Saudi Arabia output would feed the global supply glut.
MARKET NEWS
* The euro slipped in early Asian trade on Monday, after Greece's talks with lenders to avert a default ended with no agreement and a downbeat day on Wall Street was also likely to pressure Asian shares.
RELATED
> Brazil 2015-16 soy crop has 98.9 mln tonne potential-analyst
> Brazil's grain ports to face record volumes, consultant says
> U.S. distillers' grains prices tumble on China cancellation talk
> Indonesia sets June 15 start date for palm export levy - minister
> China seen cutting state corn prices as stocks rise, imports surge
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's June 1-15 palm oil exports on June 15.
Palm, soy and crude oil prices at 0017 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN5 0 +0.00 0 0 0
MY PALM OIL JUL5 0 +0.00 0 0 0
MY PALM OIL AUG5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 5178 -14.00 5154 5190 250060
CHINA SOYOIL JAN6 5864 -2.00 5846 5874 126610
CBOT SOY OIL JUL5 32.94 +4.10 32.94 33.06 1778
INDIA PALM OIL JUN5 455.80 +4.10 449.60 458.20 2308
INDIA SOYOIL JUN5 607.30 +2.25 604.10 611.00 5345
NYMEX CRUDE JUL5 59.79 -0.17 59.67 59.92 2658
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