MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 3
VEGOILS-Market Factors to Watch Nov 3
03/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil reversed gains and snapped its uptrend on Monday evening as it fell on slowing demand and high stockpiles.
* Chicago wheat futures fell nearly 3 percent on Monday, the most in two months, as rain in dry U.S. areas encouraged the market to stay within its trading range after weather worries earlier drove prices to a three-week high.
* Oil prices fell on Monday after soft Chinese factory data raised worries about energy demand in the No. 2 economy, while record high Russian crude output suggested little easing in the global supply glut.
MARKET NEWS
* U.S. stocks climbed on Monday after mixed U.S. economic data and slightly stronger-than-expected German factory activity helped European stocks, even as weak Chinese data pushed down Asian markets and crude oil prices.
RELATED
> U.S. biodiesel output rises to 123 million gallons in August -EIA
> China Q4 soy imports seen up, 15/16 imports seen flat-think-tank
> Thai rice exporters to finance storage in effort to support market
> Brazil's Petrobras ups stake in Tereos sugar, ethanol unit
> Global 2014/15 coffee exports fall for first time in 5 years
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-10 palm oil export data on November 10.
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 reversed gains and snapped its uptrend on Monday evening as it fell on slowing demand and high stockpiles.
* Chicago wheat futures fell nearly 3 percent on Monday, the most in two months, as rain in dry U.S. areas encouraged the market to stay within its trading range after weather worries earlier drove prices to a three-week high.
* Oil prices fell on Monday after soft Chinese factory data raised worries about energy demand in the No. 2 economy, while record high Russian crude output suggested little easing in the global supply glut.
MARKET NEWS
* U.S. stocks climbed on Monday after mixed U.S. economic data and slightly stronger-than-expected German factory activity helped European stocks, even as weak Chinese data pushed down Asian markets and crude oil prices.
RELATED
> U.S. biodiesel output rises to 123 million gallons in August -EIA
> China Q4 soy imports seen up, 15/16 imports seen flat-think-tank
> Thai rice exporters to finance storage in effort to support market
> Brazil's Petrobras ups stake in Tereos sugar, ethanol unit
> Global 2014/15 coffee exports fall for first time in 5 years
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-10 palm oil export data on November 10.
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