MARKET DEVELOPMENT
VEGOILS-Market Factor To Watch Feb 19
VEGOILS-Market Factor To Watch Feb 19
19/02/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell as the ringgit gained over 1 percent against the dollar on Thursday, and on expectations of weaker export data towards the end of February.
* Chicago Board of Trade wheat futures fell more than 1 percent on Thursday, easing from a two-session rally as traders returned their focus to record-large global inventories and poor export demand for U.S. supplies, traders said.
* U.S. oil futures fell in early Asian trade on Friday as record crude stocks renewed concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output.
MARKET NEWS
* Asian shares slipped from near three-week highs hit earlier this month on Friday, as a rally in oil prices paused and investors remained cautious about the outlook of the global economy.
RELATED
> FOB Gulf Grain-Corn premiums steady/firm on rising demand
> U.S. Cash Grains-Corn, soy bids steady; farmers lose interest
> GRAINS-Wheat down 1 pct on ample supplies; corn, soy also sag
> Cargill joins grain traders backing away from fertilizer
> ICE Canada canola dips for second straight day
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Feb 1-20 palm oil export data on Feb 20.
> Cargo surveyor SGS releases Malaysia's Feb 1-20 palm oil export data on Feb 20.
Palm, soy and crude oil prices at 0113 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAR6 0 +0.00 0 0 0
MY PALM OIL APR6 0 +0.00 0 0 0
MY PALM OIL MAY6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 4982 -32.00 4974 5014 387062
CHINA SOYOIL MAY6 5744 -40.00 5738 5778 181354
CBOT SOY OIL MAR6 31.75 -4.90 31.75 31.84 575
INDIA PALM OIL FEB6 483.90 -4.90 481.60 488.60 1327
INDIA SOYOIL FEB6 618.85 +0.80 618.50 619.50 820
NYMEX CRUDE MAR6 30.41 -0.36 30.35 30.68 1035
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 as the ringgit gained over 1 percent against the dollar on Thursday, and on expectations of weaker export data towards the end of February.
* Chicago Board of Trade wheat futures fell more than 1 percent on Thursday, easing from a two-session rally as traders returned their focus to record-large global inventories and poor export demand for U.S. supplies, traders said.
* U.S. oil futures fell in early Asian trade on Friday as record crude stocks renewed concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output.
MARKET NEWS
* Asian shares slipped from near three-week highs hit earlier this month on Friday, as a rally in oil prices paused and investors remained cautious about the outlook of the global economy.
RELATED
> FOB Gulf Grain-Corn premiums steady/firm on rising demand
> U.S. Cash Grains-Corn, soy bids steady; farmers lose interest
> GRAINS-Wheat down 1 pct on ample supplies; corn, soy also sag
> Cargill joins grain traders backing away from fertilizer
> ICE Canada canola dips for second straight day
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Feb 1-20 palm oil export data on Feb 20.
> Cargo surveyor SGS releases Malaysia's Feb 1-20 palm oil export data on Feb 20.
Palm, soy and crude oil prices at 0113 GMT
Contract Month Last Change Low High Volume
MY PALM OIL MAR6 0 +0.00 0 0 0
MY PALM OIL APR6 0 +0.00 0 0 0
MY PALM OIL MAY6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 4982 -32.00 4974 5014 387062
CHINA SOYOIL MAY6 5744 -40.00 5738 5778 181354
CBOT SOY OIL MAR6 31.75 -4.90 31.75 31.84 575
INDIA PALM OIL FEB6 483.90 -4.90 481.60 488.60 1327
INDIA SOYOIL FEB6 618.85 +0.80 618.50 619.50 820
NYMEX CRUDE MAR6 30.41 -0.36 30.35 30.68 1035
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