MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Oct 8
VEGOILS-Market Factors to Watch Oct 8
08/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Wednesday for a second consecutive trading session on a strengthening ringgit and after its rally last month shifted demand to Indonesia.
* U.S. grain futures retreated from their highest prices in more than two months on Wednesday under pressure from advancing U.S. harvests and profit-taking ahead of key crop reports.
* Oil fell in volatile trading on Wednesday, snapping a three-day rally, after U.S. government data showing a large crude inventory build surprised traders the day after an industry group had reported a draw.
MARKET NEWS
* Asian stocks rose modestly on Thursday, taking their cue from gains on Wall Street as the region braced for a resumption of trading in the Chinese markets after a week-long break.
RELATED
> All eyes on ADM and Bunge after Cargill profit jumps 20 pct
> Canadian farmers follow miners, stream crops for cash
> Cargill 1st-qtr profit jumps 20 pct despite commodities slump
> S.Korea's NOFI buys up to 55,000 T South American soymeal -trade
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's May 1-10 palm oil export data on October 10.
> Cargo surveyor Societe Generale de Surveillance unveils August 1-10 palm oil exports in Malaysia on October 10.
Palm, soy and crude oil prices at 0039 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 0 +0.00 0 0 0
CHINA SOYOIL JAN6 0 +0.00 0 0 0
CBOT SOY OIL DEC5 28.57 -2.50 28.52 28.62 505
INDIA PALM OIL OCT5 427.00 -2.50 425.00 432.50 3106
INDIA SOYOIL OCT5 627.45 -0.20 624.70 637.20 44335
NYMEX CRUDE NOV5 48.31 +0.50 48.11 48.39 2562
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 fell on Wednesday for a second consecutive trading session on a strengthening ringgit and after its rally last month shifted demand to Indonesia.
* U.S. grain futures retreated from their highest prices in more than two months on Wednesday under pressure from advancing U.S. harvests and profit-taking ahead of key crop reports.
* Oil fell in volatile trading on Wednesday, snapping a three-day rally, after U.S. government data showing a large crude inventory build surprised traders the day after an industry group had reported a draw.
MARKET NEWS
* Asian stocks rose modestly on Thursday, taking their cue from gains on Wall Street as the region braced for a resumption of trading in the Chinese markets after a week-long break.
RELATED
> All eyes on ADM and Bunge after Cargill profit jumps 20 pct
> Canadian farmers follow miners, stream crops for cash
> Cargill 1st-qtr profit jumps 20 pct despite commodities slump
> S.Korea's NOFI buys up to 55,000 T South American soymeal -trade
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's May 1-10 palm oil export data on October 10.
> Cargo surveyor Societe Generale de Surveillance unveils August 1-10 palm oil exports in Malaysia on October 10.
Palm, soy and crude oil prices at 0039 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 0 +0.00 0 0 0
CHINA SOYOIL JAN6 0 +0.00 0 0 0
CBOT SOY OIL DEC5 28.57 -2.50 28.52 28.62 505
INDIA PALM OIL OCT5 427.00 -2.50 425.00 432.50 3106
INDIA SOYOIL OCT5 627.45 -0.20 624.70 637.20 44335
NYMEX CRUDE NOV5 48.31 +0.50 48.11 48.39 2562
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