MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Oct 20
VEGOILS-Market Factors to Watch Oct 20
20/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil fell on Monday due to selling of soybean oil on China's Dalian exchange, despite the ringgit MYR= weakening against the dollar.
* U.S. wheat futures fell to the lowest levels in about a month while corn and soybeans also eased on Monday, pressured by forecasts for crop-friendly rains and plentiful global supplies, traders and analysts said.
* Crude oil fell about 4 percent on Monday after a tumble in gasoline futures added pressure to a market slumping on slower growth in China and signs that Iranian oil will return to the market soon following implementation of its nuclear deal.
MARKET NEWS
* Asian equities dipped early on Tuesday after commodity prices slid in wake of China growth woes and dampened risk sentiment, while the euro hovered near a 10-day low ahead of a European Central Bank meeting that could open the door for more monetary easing.
RELATED
> Vietnamese robusta stocks selling briskly before new crop
> POLL-Corn harvest seen at 59 pct, soybean harvest 79
> China sets 2016 sugar import quota at 1.945 mln T
> Indian mills seen exporting sugar but struggling to meet target
> CME Group to raise transaction fees in January
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-20 palm oil export data on October 20.
> Cargo surveyor Societe Generale de Surveillance unveils October 1-20 palm oil exports in Malaysia on October 20.
Palm, soy and crude oil prices at 0023 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 4582 +14.00 4572 4610 313264
CHINA SOYOIL JAN6 5606 +24.00 5594 5632 214838
CBOT SOY OIL DEC5 28.16 +4.50 28.13 28.21 444
INDIA PALM OIL OCT5 423.50 +4.50 422.60 425.50 986
INDIA SOYOIL OCT5 626.30 +4.05 622.10 627.70 13840
NYMEX CRUDE NOV5 47.53 +0.43 47.45 47.72 2575
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 fell on Monday due to selling of soybean oil on China's Dalian exchange, despite the ringgit MYR= weakening against the dollar.
* U.S. wheat futures fell to the lowest levels in about a month while corn and soybeans also eased on Monday, pressured by forecasts for crop-friendly rains and plentiful global supplies, traders and analysts said.
* Crude oil fell about 4 percent on Monday after a tumble in gasoline futures added pressure to a market slumping on slower growth in China and signs that Iranian oil will return to the market soon following implementation of its nuclear deal.
MARKET NEWS
* Asian equities dipped early on Tuesday after commodity prices slid in wake of China growth woes and dampened risk sentiment, while the euro hovered near a 10-day low ahead of a European Central Bank meeting that could open the door for more monetary easing.
RELATED
> Vietnamese robusta stocks selling briskly before new crop
> POLL-Corn harvest seen at 59 pct, soybean harvest 79
> China sets 2016 sugar import quota at 1.945 mln T
> Indian mills seen exporting sugar but struggling to meet target
> CME Group to raise transaction fees in January
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-20 palm oil export data on October 20.
> Cargo surveyor Societe Generale de Surveillance unveils October 1-20 palm oil exports in Malaysia on October 20.
Palm, soy and crude oil prices at 0023 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 4582 +14.00 4572 4610 313264
CHINA SOYOIL JAN6 5606 +24.00 5594 5632 214838
CBOT SOY OIL DEC5 28.16 +4.50 28.13 28.21 444
INDIA PALM OIL OCT5 423.50 +4.50 422.60 425.50 986
INDIA SOYOIL OCT5 626.30 +4.05 622.10 627.70 13840
NYMEX CRUDE NOV5 47.53 +0.43 47.45 47.72 2575
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