MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Sept 22
VEGOILS-Market Factors to Watch Sept 22
22/09/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose as much as 3 percent on Monday as monthly cargo surveyor export data and a weak ringgit combined to support prices.
* U.S. wheat futures rose on Monday, with the benchmark Chicago Board of Trade soft red winter wheat contract Wc1 gaining 1.8 percent, on a round of short-covering by investment funds as well as technical buying, traders said.
* Oil prices rallied on Monday, with U.S crude surging more than 4 percent on signs of declining stockpiles, less drilling that could reduce future output and a jump in gasoline futures that boosted the overall petroleum complex.
MARKET NEWS
* Wall Street and European stocks rebounded more than 1 percent on Monday in rallies that, along with robust gains in the dollar and global oil markets, showed investors were tilting toward riskier assets.
RELATED
> Grain handler Scoular on the hunt for more Canadian buys
> Russian wheat prices rise ahead of state decision on export tax
> Malaysia's Sep 1-20 palm oil exports rose 13.3 pct -SGS
> Indonesia Aug palm oil output seen at 1-year high, exports down -Reuters survey
> Malaysia's Sept 1-20 palm oil exports up 7.6 pct m/m - ITS
DATA/EVENTS
> Cargo surveyor SGS releases Malaysia's May 1-25 palm oil export data on September 25.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4302 +60.00 4288 4312 228224
CHINA SOYOIL JAN6 5388 +34.00 5378 5400 126914
CBOT SOY OIL DEC5 26.67 +9.40 26.61 26.73 686
INDIA PALM OIL SEP5 399.10 +9.40 390.20 400.30 2162
INDIA SOYOIL OCT5 572.45 +0.70 569.30 573.90 24535
NYMEX CRUDE OCT5 46.23 -0.45 46.15 46.48 744
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 rose as much as 3 percent on Monday as monthly cargo surveyor export data and a weak ringgit combined to support prices.
* U.S. wheat futures rose on Monday, with the benchmark Chicago Board of Trade soft red winter wheat contract Wc1 gaining 1.8 percent, on a round of short-covering by investment funds as well as technical buying, traders said.
* Oil prices rallied on Monday, with U.S crude surging more than 4 percent on signs of declining stockpiles, less drilling that could reduce future output and a jump in gasoline futures that boosted the overall petroleum complex.
MARKET NEWS
* Wall Street and European stocks rebounded more than 1 percent on Monday in rallies that, along with robust gains in the dollar and global oil markets, showed investors were tilting toward riskier assets.
RELATED
> Grain handler Scoular on the hunt for more Canadian buys
> Russian wheat prices rise ahead of state decision on export tax
> Malaysia's Sep 1-20 palm oil exports rose 13.3 pct -SGS
> Indonesia Aug palm oil output seen at 1-year high, exports down -Reuters survey
> Malaysia's Sept 1-20 palm oil exports up 7.6 pct m/m - ITS
DATA/EVENTS
> Cargo surveyor SGS releases Malaysia's May 1-25 palm oil export data on September 25.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4302 +60.00 4288 4312 228224
CHINA SOYOIL JAN6 5388 +34.00 5378 5400 126914
CBOT SOY OIL DEC5 26.67 +9.40 26.61 26.73 686
INDIA PALM OIL SEP5 399.10 +9.40 390.20 400.30 2162
INDIA SOYOIL OCT5 572.45 +0.70 569.30 573.90 24535
NYMEX CRUDE OCT5 46.23 -0.45 46.15 46.48 744
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