VEGOILS-Market Factors To Watch June 13
13/06/2016 (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 fifth straight session on Friday, marking a full week of losses, as lower export data weighed on market sentiment despite a weaker ringgit and falling stockpiles.
* U.S. soybean futures rose for the ninth straight week, the longest bull run in 43 years, on expectations that crop problems in Brazil and Argentina will steer more export business to the United States.
* Oil prices settled down 3 percent on Friday after data showing the U.S. oil drilling rig count rising for a second week in row and a stronger dollar weighed on demand for greenback-denominated crude futures.
MARKET NEWS
* Investors swapped equities for less risky assets such as U.S. Treasuries and the yen on Friday on fears about the impact of Britain's June 23 referendum on whether it should leave the European Union.
RELATED
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> Oil demand boosted as global refinery capacity to reach record
> India's 2016/17 wheat imports could surge to a decade high -ITC exec
> China's COFCO Agri hiring grain traders, opening Canadian office
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's June 1-15 palm oil export data on June 15.
> Cargo surveyor SGS releases Malaysia's June 1-15 palm oil export data on June 15.
Palm, soy and crude oil prices at 0039 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 0 +0.00 0 0 0
CHINA SOYOIL SEP6 0 +0.00 0 0 0
CBOT SOY OIL JUL6 33.12 -2.90 32.9 33.15 1120
INDIA PALM OIL JUN6 527.70 -2.90 526.00 531.8 1313
INDIA SOYOIL JUN6 643.45 -0.60 641.5 645 15220
NYMEX CRUDE JUL6 48.65 -0.42 48.58 48.93 6298
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