MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 18
VEGOILS-Market Factors to Watch Nov 18
18/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell for a third straight session on Tuesday as end-stocks remained high and bullish price factors were limited.
* U.S. wheat futures shed 1.3 percent on Tuesday, their third straight day of declines, after a government report showed that crop conditions improved amid better moisture in main growing areas, traders said.
* U.S. crude oil prices edged above $41 a barrel in early trading in Asia on Wednesday following reports of falling stockpiles and rising refinery activity, but analysts said the market would remain under pressure for the rest of the year and into 2016.
MARKET NEWS
* U.S. shares ceded gains on Tuesday after a soccer match in Germany was called off over fears of a planned bomb attack, while prices of longer-dated U.S. Treasuries rose on demand for low-risk government bonds.
RELATED
> Louis Dreyfus' cotton chief steps down, to stay at company
> BREAKINGVIEWS-Glencore can't delay with $2 bln agri-sale
> Global dairy prices fall for third consecutive auction
> Ukraine to expand spring grain area in 2016 -UkrAgroConsult
> Sugar slides on India export talk, NY cocoa falls from 2011 peak
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 for a third straight session on Tuesday as end-stocks remained high and bullish price factors were limited.
* U.S. wheat futures shed 1.3 percent on Tuesday, their third straight day of declines, after a government report showed that crop conditions improved amid better moisture in main growing areas, traders said.
* U.S. crude oil prices edged above $41 a barrel in early trading in Asia on Wednesday following reports of falling stockpiles and rising refinery activity, but analysts said the market would remain under pressure for the rest of the year and into 2016.
MARKET NEWS
* U.S. shares ceded gains on Tuesday after a soccer match in Germany was called off over fears of a planned bomb attack, while prices of longer-dated U.S. Treasuries rose on demand for low-risk government bonds.
RELATED
> Louis Dreyfus' cotton chief steps down, to stay at company
> BREAKINGVIEWS-Glencore can't delay with $2 bln agri-sale
> Global dairy prices fall for third consecutive auction
> Ukraine to expand spring grain area in 2016 -UkrAgroConsult
> Sugar slides on India export talk, NY cocoa falls from 2011 peak
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