MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 4
VEGOILS-Market Factors to Watch Nov 4
04/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil fell on Tuesday, stretching its losses into a third session, due to rising stocks and slowing demand from key importing nations.
* Wheat prices closed up nearly 1.6 percent on Tuesday, rebounding in largely technical trade on ideas that a sell-off of nearly 3 percent a day earlier was overdone, traders said.
* Crude prices settled up about 4 percent on Tuesday as a rally in U.S. gasoline and diesel amid an outage on a key pipeline system added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loadings.
MARKET NEWS
* Asian shares rose on Wednesday, taking early cues from overnight Wall Street gains, while investors' sharper risk appetite lifted U.S. debt yields and supported the dollar.
RELATED
> Thai cabinet approves $365 mln of support for rubber farmers
> India seen unlikely to emerge as major raw sugar exporter
> Brazil's record corn exports undercut U.S. Gulf grain prices
> Iran says lifting sanctions could cut wheat import cost by 30 pct
> Amid sour ag economy, Deere to buy Monsanto equipment maker unit
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 fell on Tuesday, stretching its losses into a third session, due to rising stocks and slowing demand from key importing nations.
* Wheat prices closed up nearly 1.6 percent on Tuesday, rebounding in largely technical trade on ideas that a sell-off of nearly 3 percent a day earlier was overdone, traders said.
* Crude prices settled up about 4 percent on Tuesday as a rally in U.S. gasoline and diesel amid an outage on a key pipeline system added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loadings.
MARKET NEWS
* Asian shares rose on Wednesday, taking early cues from overnight Wall Street gains, while investors' sharper risk appetite lifted U.S. debt yields and supported the dollar.
RELATED
> Thai cabinet approves $365 mln of support for rubber farmers
> India seen unlikely to emerge as major raw sugar exporter
> Brazil's record corn exports undercut U.S. Gulf grain prices
> Iran says lifting sanctions could cut wheat import cost by 30 pct
> Amid sour ag economy, Deere to buy Monsanto equipment maker unit
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