MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch August 25
VEGOILS-Market Factors to Watch August 25
25/08/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures extended earlier losses to fall more than 4 percent on Monday as the tropical oil tracked other global markets lower on concerns about the Chinese economy.
* U.S. soybean futures dropped to their lowest levels in over six years on Monday and soyoil touched a nine-year low as concerns about China's faltering economy fueled selloffs in commodities and equities markets.
* Oil's weeks-long slump accelerated sharply on Monday with prices tumbling as much as 6 percent to fresh 6-1/2-year lows as a renewed dive in the Chinese equities market sent global financial markets into a tailspin.
MARKET NEWS
* A near-9 percent dive in China shares sent world stocks and commodity prices tumbling on Monday, and U.S. stocks ended a volatile day with the S&P 500 and Nasdaq composite indexes sliding into correction territory.
RELATED
> Brazil VP drops political coordination role in Rousseff gov't -source
> Farmers in soy powerhouse Argentina start 5-day sales strike
> Germany starts move to ban GMO crops - ministry letter
> EU crop monitor cuts 2015 maize yield again on hot, dry weather
> Malaysia's Sime Darby shares tumble on rights issue report
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's August 1-25 palm oil exports on August 25.
Palm, soy and crude oil prices at 2350 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 4144 -194.00 4088 4212 765114
CHINA SOYOIL JAN6 5318 -116.00 5190 5386 640296
CBOT SOY OIL DEC5 26.86 -15.20 0.00 0.00 0
INDIA PALM OIL AUG5 364.80 -15.20 364.80 372.20 3015
INDIA SOYOIL OCT5 570.85 -1.10 562.20 571.00 74325
NYMEX CRUDE OCT5 38.38 +0.14 38.16 38.45 2059
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 extended earlier losses to fall more than 4 percent on Monday as the tropical oil tracked other global markets lower on concerns about the Chinese economy.
* U.S. soybean futures dropped to their lowest levels in over six years on Monday and soyoil touched a nine-year low as concerns about China's faltering economy fueled selloffs in commodities and equities markets.
* Oil's weeks-long slump accelerated sharply on Monday with prices tumbling as much as 6 percent to fresh 6-1/2-year lows as a renewed dive in the Chinese equities market sent global financial markets into a tailspin.
MARKET NEWS
* A near-9 percent dive in China shares sent world stocks and commodity prices tumbling on Monday, and U.S. stocks ended a volatile day with the S&P 500 and Nasdaq composite indexes sliding into correction territory.
RELATED
> Brazil VP drops political coordination role in Rousseff gov't -source
> Farmers in soy powerhouse Argentina start 5-day sales strike
> Germany starts move to ban GMO crops - ministry letter
> EU crop monitor cuts 2015 maize yield again on hot, dry weather
> Malaysia's Sime Darby shares tumble on rights issue report
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's August 1-25 palm oil exports on August 25.
Palm, soy and crude oil prices at 2350 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 4144 -194.00 4088 4212 765114
CHINA SOYOIL JAN6 5318 -116.00 5190 5386 640296
CBOT SOY OIL DEC5 26.86 -15.20 0.00 0.00 0
INDIA PALM OIL AUG5 364.80 -15.20 364.80 372.20 3015
INDIA SOYOIL OCT5 570.85 -1.10 562.20 571.00 74325
NYMEX CRUDE OCT5 38.38 +0.14 38.16 38.45 2059
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