MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch July 11
VEGOILS-Market Factors to Watch July 11
11/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell 5 percent on Friday to their lowest level in nine months, following losses in rival soyoil and on sluggish export demand.
* U.S. soybean and corn futures rallied on Friday on a bargain-buying bounce after declining sharply earlier in the week.
* Crude prices edged down in early Asian trade on Monday to hold near two-month lows on seasonally weak consumption, despite comments from the Saudi Arabian oil minister that the oil market was becoming more balanced.
MARKET NEWS
* Asian share markets enjoyed a relief rally on Monday as upbeat U.S. jobs data lessened immediate concerns about health of the world's largest economy, though long-run fallout from Brexit kept sovereign yields near record lows.
RELATED
> India allows imports of 500,000 T of duty-free, non-GM corn
> EU trims wheat crop outlook, slashes rapeseed
> China floods may boost prices, imports to world's biggest pork market
> EXCLUSIVE-Philippines suspends 2 nickel mines, halts permits in environmental crackdown
> Oil funds hold down risk, eye volatility after weak first half
Palm, soy and crude oil prices at 0038 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL6 0 +0.00 0 0 0
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 4978 +48.00 4928 4980 190108
CHINA SOYOIL SEP6 6030 +64.00 5978 6044 182430
CBOT SOY OIL DEC6 30.88 -7.00 30.78 30.99 1203
INDIA PALM OIL JUL6 494.50 -7.00 488.80 500.7 3544
INDIA SOYOIL JUL6 626.8 -5.00 624.6 628.2 22230
NYMEX CRUDE AUG6 45.02 -0.39 44.88 45.29 7527
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 5 percent on Friday to their lowest level in nine months, following losses in rival soyoil and on sluggish export demand.
* U.S. soybean and corn futures rallied on Friday on a bargain-buying bounce after declining sharply earlier in the week.
* Crude prices edged down in early Asian trade on Monday to hold near two-month lows on seasonally weak consumption, despite comments from the Saudi Arabian oil minister that the oil market was becoming more balanced.
MARKET NEWS
* Asian share markets enjoyed a relief rally on Monday as upbeat U.S. jobs data lessened immediate concerns about health of the world's largest economy, though long-run fallout from Brexit kept sovereign yields near record lows.
RELATED
> India allows imports of 500,000 T of duty-free, non-GM corn
> EU trims wheat crop outlook, slashes rapeseed
> China floods may boost prices, imports to world's biggest pork market
> EXCLUSIVE-Philippines suspends 2 nickel mines, halts permits in environmental crackdown
> Oil funds hold down risk, eye volatility after weak first half
Palm, soy and crude oil prices at 0038 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL6 0 +0.00 0 0 0
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 4978 +48.00 4928 4980 190108
CHINA SOYOIL SEP6 6030 +64.00 5978 6044 182430
CBOT SOY OIL DEC6 30.88 -7.00 30.78 30.99 1203
INDIA PALM OIL JUL6 494.50 -7.00 488.80 500.7 3544
INDIA SOYOIL JUL6 626.8 -5.00 624.6 628.2 22230
NYMEX CRUDE AUG6 45.02 -0.39 44.88 45.29 7527
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