MARKET DEVELOPMENT
Vegoils-Market Factors to Watch Monday October 12
Vegoils-Market Factors to Watch Monday October 12
12/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday October 12.
FUNDAMENTALS
* Malaysian palm oil futures fell further on Friday as the ringgit firmed against the dollar, pushing palm prices to fresh two-and-a-half week lows.
* U.S. soybean futures jumped to a one-week high on Friday after the U.S. Department of Agriculture lowered its domestic production estimate more than analysts had expected.
* Oil prices rose in early Asian trading on Monday after U.S. drillers cut oil rigs for six straight weeks, while traders awaited Chinese trade data to be published following the one-week National Holiday.
MARKET NEWS
* Asian shares edged higher on Monday, consolidating recent rises as late gains in Wall Street on Friday and a rebound in the commodities complex prompted some investors to hunt for bargains while the dollar struggled.
RELATED
> Lower U.S. corn, soy planting estimates deliver harvest surprise
> Brazil's weak real protects farmers -agriculture official
> Brazil climate institute sees El Niño through March
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.
> Malaysian Palm Oil Board (MPOB) releases Malaysia's end-September palm oil data on October 12.
Palm, soy and crude oil prices at 0051 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 4498 +10.00 4484 4526 388928
CHINA SOYOIL JAN6 5492 -2.00 5484 5562 299654
CBOT SOY OIL DEC5 28.36 -0.10 28.26 28.45 1304
INDIA PALM OIL OCT5 419.50 -0.10 417.00 421.70 1140
INDIA SOYOIL OCT5 622.00 -2.00 621.50 627.50 24645
NYMEX CRUDE NOV5 49.84 +0.21 49.47 49.92 4218
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 further on Friday as the ringgit firmed against the dollar, pushing palm prices to fresh two-and-a-half week lows.
* U.S. soybean futures jumped to a one-week high on Friday after the U.S. Department of Agriculture lowered its domestic production estimate more than analysts had expected.
* Oil prices rose in early Asian trading on Monday after U.S. drillers cut oil rigs for six straight weeks, while traders awaited Chinese trade data to be published following the one-week National Holiday.
MARKET NEWS
* Asian shares edged higher on Monday, consolidating recent rises as late gains in Wall Street on Friday and a rebound in the commodities complex prompted some investors to hunt for bargains while the dollar struggled.
RELATED
> Lower U.S. corn, soy planting estimates deliver harvest surprise
> Brazil's weak real protects farmers -agriculture official
> Brazil climate institute sees El Niño through March
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.
> Malaysian Palm Oil Board (MPOB) releases Malaysia's end-September palm oil data on October 12.
Palm, soy and crude oil prices at 0051 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 4498 +10.00 4484 4526 388928
CHINA SOYOIL JAN6 5492 -2.00 5484 5562 299654
CBOT SOY OIL DEC5 28.36 -0.10 28.26 28.45 1304
INDIA PALM OIL OCT5 419.50 -0.10 417.00 421.70 1140
INDIA SOYOIL OCT5 622.00 -2.00 621.50 627.50 24645
NYMEX CRUDE NOV5 49.84 +0.21 49.47 49.92 4218
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