MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch June 18
VEGOILS-Market Factors to Watch June 18
18/06/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures were little changed on Wednesday as investors grew uncertain over the implementation of Indonesian palm levies and whether they could effectively fund biodiesel subsidies in the world's top producer.
* U.S. soybean futures rose on Wednesday as concerns about rain forcing some farmers to dial back their plantings sparked a round of short-covering, traders said.
* Brent crude edged up and U.S. crude eased on Wednesday in volatile trading as both contracts trimmed losses after the Federal Reserve left the outlook for interest rate increases uncertain, brokers and analysts said.
MARKET NEWS
* The U.S. dollar slid on Wednesday while Wall Street stocks rose in volatile afternoon trading after the Federal Reserve signalled it may wait until late this year to raise interest rates.
RELATED
> Floods disrupt grain shipping on Illinois River
> Cooperatives cut German wheat, rapeseed crop forecast on dryness
> Indonesian palm levy delays frustrate traders, undermine biodiesel goals
> Palm giant Golden Agri renews green push after criticism on land use
> Malaysia keeps July crude palm oil export tax at zero
> China scraps rapeseed stockpiling scheme, 2015/16 imports seen down-sources
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's June 1-20 palm oil exports on June 22.
Palm, soy and crude oil prices at 0010 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL5 0 +0.00 0 0 0
MY PALM OIL AUG5 0 +0.00 0 0 0
MY PALM OIL SEP5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 5184 -4.00 5168 5216 296324
CHINA SOYOIL JAN6 5930 +10.00 5908 5962 257422
CBOT SOY OIL JUL5 32.85 -1.20 32.71 32.85 625
INDIA PALM OIL JUN5 452.80 -1.20 451.60 457.20 1394
INDIA SOYOIL JUN5 610.50 +2.00 609.40 611.80 1670
NYMEX CRUDE JUL5 59.78 -0.15 59.71 59.85 937
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 were little changed on Wednesday as investors grew uncertain over the implementation of Indonesian palm levies and whether they could effectively fund biodiesel subsidies in the world's top producer.
* U.S. soybean futures rose on Wednesday as concerns about rain forcing some farmers to dial back their plantings sparked a round of short-covering, traders said.
* Brent crude edged up and U.S. crude eased on Wednesday in volatile trading as both contracts trimmed losses after the Federal Reserve left the outlook for interest rate increases uncertain, brokers and analysts said.
MARKET NEWS
* The U.S. dollar slid on Wednesday while Wall Street stocks rose in volatile afternoon trading after the Federal Reserve signalled it may wait until late this year to raise interest rates.
RELATED
> Floods disrupt grain shipping on Illinois River
> Cooperatives cut German wheat, rapeseed crop forecast on dryness
> Indonesian palm levy delays frustrate traders, undermine biodiesel goals
> Palm giant Golden Agri renews green push after criticism on land use
> Malaysia keeps July crude palm oil export tax at zero
> China scraps rapeseed stockpiling scheme, 2015/16 imports seen down-sources
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's June 1-20 palm oil exports on June 22.
Palm, soy and crude oil prices at 0010 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL5 0 +0.00 0 0 0
MY PALM OIL AUG5 0 +0.00 0 0 0
MY PALM OIL SEP5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 5184 -4.00 5168 5216 296324
CHINA SOYOIL JAN6 5930 +10.00 5908 5962 257422
CBOT SOY OIL JUL5 32.85 -1.20 32.71 32.85 625
INDIA PALM OIL JUN5 452.80 -1.20 451.60 457.20 1394
INDIA SOYOIL JUN5 610.50 +2.00 609.40 611.80 1670
NYMEX CRUDE JUL5 59.78 -0.15 59.71 59.85 937
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