MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch August 21
VEGOILS-Market Factors to Watch August 21
21/08/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures eased for a second session on Thursday as weakness in global commodity markets put pressure on vegetable oil prices.
* U.S. soybean futures rebounded from near six-year lows on Thursday in a short-covering bounce and as weekly government data showed solid soybean and soymeal export sales last week.
* Expiring front-month U.S. crude prices settled higher on Thursday in volatile trading after slumping to a fresh 6-1/2-year low as a supply glut and concerns about China's economy pressured Brent crude.
MARKET NEWS
* World stock markets tumbled and Brent oil prices remained under pressure on Thursday as another slump in the equity market of China, the world's No. 2 economy, stoked concerns about sluggish global growth.
RELATED
> Shell transfers stake in Malaysia MLNG plant to Petronas
> Argentina revises 2014-15 soy harvest estimate up to 61.4 mln tonnes
> Southwest Minnesota corn, soy meet scouts' great expectations -tour
> Brazil's Rousseff warns commodity slump to burden global economy - paper
> 04:14:12 PM RTRS - Malaysia's Aug 1-20 palm oil exports rose 9.2 pct -SGS
DATA/EVENTS
> nil
Palm, soy and crude oil prices at 0024 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP5 0 +0.00 0 0 0
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4468 -28.00 4440 4484 380746
CHINA SOYOIL JAN6 5576 +34.00 5532 5580 341510
CBOT SOY OIL DEC5 28.42 -1.80 28.36 28.50 1245
INDIA PALM OIL AUG5 388.00 -1.80 384.80 389.00 2513
INDIA SOYOIL OCT5 573.00 +3.40 567.40 575.60 52570
NYMEX CRUDE OCT5 41.06 -0.26 40.87 41.32 3217
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 eased for a second session on Thursday as weakness in global commodity markets put pressure on vegetable oil prices.
* U.S. soybean futures rebounded from near six-year lows on Thursday in a short-covering bounce and as weekly government data showed solid soybean and soymeal export sales last week.
* Expiring front-month U.S. crude prices settled higher on Thursday in volatile trading after slumping to a fresh 6-1/2-year low as a supply glut and concerns about China's economy pressured Brent crude.
MARKET NEWS
* World stock markets tumbled and Brent oil prices remained under pressure on Thursday as another slump in the equity market of China, the world's No. 2 economy, stoked concerns about sluggish global growth.
RELATED
> Shell transfers stake in Malaysia MLNG plant to Petronas
> Argentina revises 2014-15 soy harvest estimate up to 61.4 mln tonnes
> Southwest Minnesota corn, soy meet scouts' great expectations -tour
> Brazil's Rousseff warns commodity slump to burden global economy - paper
> 04:14:12 PM RTRS - Malaysia's Aug 1-20 palm oil exports rose 9.2 pct -SGS
DATA/EVENTS
> nil
Palm, soy and crude oil prices at 0024 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP5 0 +0.00 0 0 0
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4468 -28.00 4440 4484 380746
CHINA SOYOIL JAN6 5576 +34.00 5532 5580 341510
CBOT SOY OIL DEC5 28.42 -1.80 28.36 28.50 1245
INDIA PALM OIL AUG5 388.00 -1.80 384.80 389.00 2513
INDIA SOYOIL OCT5 573.00 +3.40 567.40 575.60 52570
NYMEX CRUDE OCT5 41.06 -0.26 40.87 41.32 3217
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