MARKET DEVELOPMENT
Vegoils - Market Factors to Watch July 14
Vegoils - Market Factors to Watch July 14
14/07/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday July 14.
FUNDAMENTALS
* Malaysian palm oil futures were mostly unchanged on Monday, after sliding to a six-week low last week, with a steep decline in exports keeping a lid on the market.
* U.S. corn futures rose on Monday for the fifth straight session, hitting a one-year high on better-than-expected demand and as heavy rains limited the yield potential of the new crop.
* Oil fell more than 1 percent on Monday after the United States kept alive hopes of reaching a nuclear deal with Tehran that could bring hundreds of millions of additional barrels of crude into an oversupplied market.
MARKET NEWS
* U.S. stock futures edged lower on Tuesday and the euro firmed as investors cautiously waited to see if Greece's conditional bailout agreement would bring to an end that country's debt crisis.
RELATED
> Euronext wheat slips to two-week low as harvest weighs
> Argentina to authorize additional corn exports of nearly 7 mln tonnes
> Russian wheat prices rise on delayed crop, export demand
> Thai govt to buy 100,000 T palm oil from domestic producers
> Slowing China, supply gluts limit upside for commodities in Q3
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's July 1-20 palm oil exports on July 20.
Palm, soy and crude oil prices at 0027 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 4942 +72.00 4842 4944 356666
CHINA SOYOIL JAN6 5702 +46.00 5604 5704 297364
CBOT SOY OIL DEC5 33.14 +2.40 33.09 33.22 841
INDIA PALM OIL JUL5 433.90 +2.40 429.10 433.90 809
INDIA SOYOIL AUG5 583.90 +4.50 578.20 584.00 49090
NYMEX CRUDE AUG5 51.62 -0.58 51.11 52.55 3919
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 mostly unchanged on Monday, after sliding to a six-week low last week, with a steep decline in exports keeping a lid on the market.
* U.S. corn futures rose on Monday for the fifth straight session, hitting a one-year high on better-than-expected demand and as heavy rains limited the yield potential of the new crop.
* Oil fell more than 1 percent on Monday after the United States kept alive hopes of reaching a nuclear deal with Tehran that could bring hundreds of millions of additional barrels of crude into an oversupplied market.
MARKET NEWS
* U.S. stock futures edged lower on Tuesday and the euro firmed as investors cautiously waited to see if Greece's conditional bailout agreement would bring to an end that country's debt crisis.
RELATED
> Euronext wheat slips to two-week low as harvest weighs
> Argentina to authorize additional corn exports of nearly 7 mln tonnes
> Russian wheat prices rise on delayed crop, export demand
> Thai govt to buy 100,000 T palm oil from domestic producers
> Slowing China, supply gluts limit upside for commodities in Q3
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's July 1-20 palm oil exports on July 20.
Palm, soy and crude oil prices at 0027 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 4942 +72.00 4842 4944 356666
CHINA SOYOIL JAN6 5702 +46.00 5604 5704 297364
CBOT SOY OIL DEC5 33.14 +2.40 33.09 33.22 841
INDIA PALM OIL JUL5 433.90 +2.40 429.10 433.90 809
INDIA SOYOIL AUG5 583.90 +4.50 578.20 584.00 49090
NYMEX CRUDE AUG5 51.62 -0.58 51.11 52.55 3919
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