VEGOILS-Market Factors To Watch May 20
20/05/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian benchmark palm oil futures fell to a near 10-week low on Thursday evening, as it tracked weaker performing rival oils in China.
* U.S. grain and soybean futures dropped to their lowest levels in about a week on Thursday as gains in the dollar prompted investors to take profits out of commodities after recent rallies.
* Oil prices settled largely unchanged on Thursday as worries about Canadian and Nigerian supply outages offset the impact of a stronger dollar, which has rallied on growing expectations the Federal Reserve will raise interest rates next month.
MARKET NEWS
* Stocks around the world sold off on Thursday, while the U.S. dollar gained, pressuring oil and other commodities, as investors absorbed the possibility that the U.S. Federal Reserve will raise interest rates in the near term.
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DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's May 1-20 palm oil export data on May 20.
> Cargo surveyor SGS releases Malaysia's May 1-20 palm oil export data on May 20.
Palm, soy and crude oil prices at 2311 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
MY PALM OIL AUG6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5086 -76.00 5036 5094 374090
CHINA SOYOIL SEP6 5866 -112.0 5814 5876 380018
CBOT SOY OIL JUL6 31.91 -7.60 0 0 0
INDIA PALM OIL MAY6 526.90 -7.60 525.40 537.2 2102
INDIA SOYOIL MAY6 628.6 -4.10 628.2 630 660
NYMEX CRUDE JUN6 48.43 +0.27 48.20 48.55 254
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