MARKET DEVELOPMENT
Vegoils-Market Factors To Watch Friday Oct 30
Vegoils-Market Factors To Watch Friday Oct 30
30/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday October 30.
FUNDAMENTALS
* Malaysian palm oil rose on Thursday for a third day in a row, boosted by a weaker ringgit and tracking other vegetable oils.
* U.S. wheat futures rallied nearly 2 percent on Thursday, supported by a round of short-covering and signs of improving export demand, traders said.
* U.S. crude rose slightly while Brent dipped on Thursday, as traders tried to discern the oil market's direction a day after prices rallied the most in two months even as supplies kept growing.
MARKET NEWS
* Stock markets around the world fell and bond yields rose as investors weighed the implications that a U.S. interest rate rise before the end of the year would have for the global economy and markets.
RELATED
> Bunge quarterly income and revenue fall
> China policy change not seen as formula for food maker's growth
> Maple Leaf Foods swings to profit but shares slide
> Potash Corp cuts output, forecasts as prices slump; shares drop
> Brazil's Northeast cane output cut after dry weather, says Datagro
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-30 palm oil export data on October 30.
Palm, soy and crude oil prices at 0027 GMT
Contract Month Last Change Low High Volume
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
MY PALM OIL JAN6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4498 -70.00 4458 4560 690206
CHINA SOYOIL JAN6 5582 -30.00 5556 5622 336396
CBOT SOY OIL DEC5 28.70 -4.10 28.57 28.74 893
INDIA PALM OIL OCT5 411.00 -4.10 408.80 414.80 665
INDIA SOYOIL NOV5 628.00 -4.65 625.80 632.00 60160
NYMEX CRUDE DEC5 44.58 -0.02 44.57 44.78 1844
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 rose on Thursday for a third day in a row, boosted by a weaker ringgit and tracking other vegetable oils.
* U.S. wheat futures rallied nearly 2 percent on Thursday, supported by a round of short-covering and signs of improving export demand, traders said.
* U.S. crude rose slightly while Brent dipped on Thursday, as traders tried to discern the oil market's direction a day after prices rallied the most in two months even as supplies kept growing.
MARKET NEWS
* Stock markets around the world fell and bond yields rose as investors weighed the implications that a U.S. interest rate rise before the end of the year would have for the global economy and markets.
RELATED
> Bunge quarterly income and revenue fall
> China policy change not seen as formula for food maker's growth
> Maple Leaf Foods swings to profit but shares slide
> Potash Corp cuts output, forecasts as prices slump; shares drop
> Brazil's Northeast cane output cut after dry weather, says Datagro
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-30 palm oil export data on October 30.
Palm, soy and crude oil prices at 0027 GMT
Contract Month Last Change Low High Volume
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
MY PALM OIL JAN6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4498 -70.00 4458 4560 690206
CHINA SOYOIL JAN6 5582 -30.00 5556 5622 336396
CBOT SOY OIL DEC5 28.70 -4.10 28.57 28.74 893
INDIA PALM OIL OCT5 411.00 -4.10 408.80 414.80 665
INDIA SOYOIL NOV5 628.00 -4.65 625.80 632.00 60160
NYMEX CRUDE DEC5 44.58 -0.02 44.57 44.78 1844
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