MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 16
VEGOILS-Market Factors to Watch Nov 16
16/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Friday, weighed down by weaker-than-expected export data and on high inventories, but a weaker ringgit provided some support. POI/
* U.S. soybean futures fell on Friday on a profit-taking setback after posting gains in the previous two sessions, traders said. GRA/
* Crude oil futures opened slightly stronger in early Asian trading on Monday following the deadly attacks on Paris, but prices remain near August lows and oil and other commodities are expected to continue under broad pressure in nervous trading. O/R
MARKET NEWS
* U.S. stock futures were sharply lower and the euro skidded in early Asian trading on Monday in the wake of Friday's deadly attacks in Paris, with stocks expected to take their cue from poor investor appetite for risk after the assault and Wall Street's steep losses.
RELATED
> EXCLUSIVE-Commodity trader Cargill restructures, cuts jobs-sources
> Louis Dreyfus, RCMA buy small ICE December white sugar delivery
> Soy planting in Brazil's top growing state speeds up
> U.S. FDA issues final rules on produce safety, imported foods
> As corn stockpile surges, China aims to curb output to 2020
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-20 palm oil export data on November 20. Cargo surveyor SGS release Malaysian palm oil export data for the first 20 days of the month on November 20.
Palm, soy and crude oil prices at 0017 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 4380 +24.00 4374 4406 413850
CHINA SOYOIL JAN6 5612 +36.00 5592 5634 313896
CBOT SOY OIL DEC5 28.50 +5.10 0.00 0.00 0
INDIA PALM OIL NOV5 405.50 +5.10 402.50 408.30 3073
INDIA SOYOIL NOV5 628.40 +1.25 625.80 630.50 34160
NYMEX CRUDE DEC5 46.46 +0.14 46.36 46.63 1090
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 on Friday, weighed down by weaker-than-expected export data and on high inventories, but a weaker ringgit provided some support. POI/
* U.S. soybean futures fell on Friday on a profit-taking setback after posting gains in the previous two sessions, traders said. GRA/
* Crude oil futures opened slightly stronger in early Asian trading on Monday following the deadly attacks on Paris, but prices remain near August lows and oil and other commodities are expected to continue under broad pressure in nervous trading. O/R
MARKET NEWS
* U.S. stock futures were sharply lower and the euro skidded in early Asian trading on Monday in the wake of Friday's deadly attacks in Paris, with stocks expected to take their cue from poor investor appetite for risk after the assault and Wall Street's steep losses.
RELATED
> EXCLUSIVE-Commodity trader Cargill restructures, cuts jobs-sources
> Louis Dreyfus, RCMA buy small ICE December white sugar delivery
> Soy planting in Brazil's top growing state speeds up
> U.S. FDA issues final rules on produce safety, imported foods
> As corn stockpile surges, China aims to curb output to 2020
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-20 palm oil export data on November 20. Cargo surveyor SGS release Malaysian palm oil export data for the first 20 days of the month on November 20.
Palm, soy and crude oil prices at 0017 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 4380 +24.00 4374 4406 413850
CHINA SOYOIL JAN6 5612 +36.00 5592 5634 313896
CBOT SOY OIL DEC5 28.50 +5.10 0.00 0.00 0
INDIA PALM OIL NOV5 405.50 +5.10 402.50 408.30 3073
INDIA SOYOIL NOV5 628.40 +1.25 625.80 630.50 34160
NYMEX CRUDE DEC5 46.46 +0.14 46.36 46.63 1090
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