MARKET DEVELOPMENT
Vegoils-Market Factors to Watch on Tuesday Dec 15
Vegoils-Market Factors to Watch on Tuesday Dec 15
15/12/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday December 15 2015.
FUNDAMENTALS
* Malaysian palm oil futures fell on Monday, retracing from a two-month high reached in the previous session, as slow demand for palm and weak crude oil prices capped gains
* U.S. corn, soybean and wheat futures firmed on Monday on a round of technical buying and short-covering after prices weakened late last week, traders said.
* U.S. crude rose nearly 2 percent Monday, recovering slightly after moving within a hair of 11-year lows, but analysts and traders said it is still too early to declare the market has reached its bottom.
MARKET NEWS
* Global equity markets swung between gains and losses on Monday, as volatile oil prices rebounded from multi-year lows while weakness in credit markets weighed on sentiment ahead of an expected U.S. interest rate hike later this week.
RELATED
> Argentina's Macri ditches wheat, corn, beef export taxes
> Australia wheat regains Asia market share on competitive prices
> Philippines to buy less rice than planned on weaker El Nino effect
> As oil plunges, traders generate record earnings
> Mild weather leaves EU crops exposed to frost damage - monitor
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-15 palm oil export data on December 15.
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 MAY6 4722 -18.00 4656 4726 494454
CHINA SOYOIL MAY6 5616 +40.00 5522 5616 444186
CBOT SOY OIL JAN6 31.10 -3.30 30.80 31.59 46617
INDIA PALM OIL DEC5 406.30 -3.30 404.00 410.80 2003
INDIA SOYOIL DEC5 636.80 +2.90 635.30 638.10 4625
NYMEX CRUDE JAN6 36.26 -0.05 36.13 36.33 1462
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 Monday, retracing from a two-month high reached in the previous session, as slow demand for palm and weak crude oil prices capped gains
* U.S. corn, soybean and wheat futures firmed on Monday on a round of technical buying and short-covering after prices weakened late last week, traders said.
* U.S. crude rose nearly 2 percent Monday, recovering slightly after moving within a hair of 11-year lows, but analysts and traders said it is still too early to declare the market has reached its bottom.
MARKET NEWS
* Global equity markets swung between gains and losses on Monday, as volatile oil prices rebounded from multi-year lows while weakness in credit markets weighed on sentiment ahead of an expected U.S. interest rate hike later this week.
RELATED
> Argentina's Macri ditches wheat, corn, beef export taxes
> Australia wheat regains Asia market share on competitive prices
> Philippines to buy less rice than planned on weaker El Nino effect
> As oil plunges, traders generate record earnings
> Mild weather leaves EU crops exposed to frost damage - monitor
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-15 palm oil export data on December 15.
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 MAY6 4722 -18.00 4656 4726 494454
CHINA SOYOIL MAY6 5616 +40.00 5522 5616 444186
CBOT SOY OIL JAN6 31.10 -3.30 30.80 31.59 46617
INDIA PALM OIL DEC5 406.30 -3.30 404.00 410.80 2003
INDIA SOYOIL DEC5 636.80 +2.90 635.30 638.10 4625
NYMEX CRUDE JAN6 36.26 -0.05 36.13 36.33 1462
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.