VEGOILS-Market Factors to Watch July 26
26/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures extended losses on Monday, coming off last week's two-week high, as weakness in overseas soybean oil prices lured buyers away from the tropical oil.
* U.S. soybean futures fell sharply on Monday, extending the steep declines of last week on pressure from investment fund selling and favorable extended weather outlooks for the developing crop, traders and analysts said.
* Oil prices fell more than 2 percent on Monday, with U.S. crude hitting a three-month low, on rising concerns that a global glut of crude and refined products would pressure markets, delaying a long-anticipated rebalance in the market.
MARKET NEWS
* Caution gripped Asian markets on Tuesday, sending the safe-haven yen higher ahead of central bank meetings in the United States and Japan, while a fresh skid in oil dampened energy stocks on Wall Street.
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Palm, soy and crude oil prices at 0120 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 4872 -50.00 4844 4896 283840
CHINA SOYOIL JAN7 6062 -74.00 6026 6112 311822
CBOT SOY OIL DEC6 30.07 +0.90 29.96 30.12 1343
INDIA PALM OIL JUL6 522.30 +0.90 520.00 524 744
INDIA SOYOIL AUG6 628.55 -5.90 627 636.1 64750
NYMEX CRUDE SEP6 43.19 +0.06 43.05 43.39 10028
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