MARKET DEVELOPMENT
VEGOILS-Market Factors To Watch Nov 30
VEGOILS-Market Factors To Watch Nov 30
30/11/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose on Friday for a third successive session to the highest in 2-1/2 weeks, tracking gains in other vegetable oils and supported by expectations of lower output.
* Chicago wheat futures fell to a 2-1/2-month low on Friday, pressured by expectations of big deliveries next week and strength in the U.S. dollar, during a shortened trading session after the Thanksgiving holiday.
* Oil settled lower in light post-holiday volume in New York on Friday as the dollar's rally to an eight-month high and a tumble in Chinese equities added pressure to oversupplied crude futures.
MARKET NEWS
* Chinese shares slumped 5 percent on Friday, hit by regulatory and industrial sector worries, but the declines did not carry through to other major equity markets, which ended modestly lower.
RELATED
> World leaders will launch an ambitious attempt on Monday to hold back the earth's rising temperatures, urging each other to find common cause in two weeks of bargaining meant to steer the global economy away from dependence on fossil fuels.
> Argentina will abolish wheat, corn export taxes, incoming minister says
> Malaysia-Indonesia palm council will struggle to buoy prices -industry sources
> Weaker rains ahead, to curb global palm oil output growth -analyst Mistry
> Palm oil prices seen rising as dry weather cuts yields -Mielke
> Biodiesel mandate, El Nino to boost palm oil prices in 2016 -analyst Fry
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-30 palm oil export data on November 30. Cargo surveyor SGS release Malaysian palm oil export data for the first 30 days of the month on November 30.
Palm, soy and crude oil prices at 0045 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC5 0 +0.00 0 0 0
MY PALM OIL JAN6 0 +0.00 0 0 0
MY PALM OIL FEB6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4100 +58.00 4072 4164 1059206
CHINA SOYOIL JAN6 5536 +110.00 5474 5552 285220
CBOT SOY OIL DEC5 27.90 -0.90 0.00 0.00 0
INDIA PALM OIL NOV5 383.40 -0.90 382.10 384.00 884
INDIA SOYOIL DEC5 610.90 +2.80 606.20 611.30 44785
NYMEX CRUDE JAN6 41.61 -0.29 41.43 41.66 4613
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 rose on Friday for a third successive session to the highest in 2-1/2 weeks, tracking gains in other vegetable oils and supported by expectations of lower output.
* Chicago wheat futures fell to a 2-1/2-month low on Friday, pressured by expectations of big deliveries next week and strength in the U.S. dollar, during a shortened trading session after the Thanksgiving holiday.
* Oil settled lower in light post-holiday volume in New York on Friday as the dollar's rally to an eight-month high and a tumble in Chinese equities added pressure to oversupplied crude futures.
MARKET NEWS
* Chinese shares slumped 5 percent on Friday, hit by regulatory and industrial sector worries, but the declines did not carry through to other major equity markets, which ended modestly lower.
RELATED
> World leaders will launch an ambitious attempt on Monday to hold back the earth's rising temperatures, urging each other to find common cause in two weeks of bargaining meant to steer the global economy away from dependence on fossil fuels.
> Argentina will abolish wheat, corn export taxes, incoming minister says
> Malaysia-Indonesia palm council will struggle to buoy prices -industry sources
> Weaker rains ahead, to curb global palm oil output growth -analyst Mistry
> Palm oil prices seen rising as dry weather cuts yields -Mielke
> Biodiesel mandate, El Nino to boost palm oil prices in 2016 -analyst Fry
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-30 palm oil export data on November 30. Cargo surveyor SGS release Malaysian palm oil export data for the first 30 days of the month on November 30.
Palm, soy and crude oil prices at 0045 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC5 0 +0.00 0 0 0
MY PALM OIL JAN6 0 +0.00 0 0 0
MY PALM OIL FEB6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4100 +58.00 4072 4164 1059206
CHINA SOYOIL JAN6 5536 +110.00 5474 5552 285220
CBOT SOY OIL DEC5 27.90 -0.90 0.00 0.00 0
INDIA PALM OIL NOV5 383.40 -0.90 382.10 384.00 884
INDIA SOYOIL DEC5 610.90 +2.80 606.20 611.30 44785
NYMEX CRUDE JAN6 41.61 -0.29 41.43 41.66 4613
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