MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch July 29
VEGOILS-Market Factors to Watch July 29
(Refiles to add price table)
29/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures reversed gains made in the previous session, pushed lower by expectations of rising output that would contribute towards greater stockpiles at end-July.
* U.S. corn and soybean futures eased on Thursday, pressured by ample existing supplies and largely favorable growing conditions that will likely lead to huge harvests this autumn, traders and analysts said.
* Oil prices settled down nearly 2 percent on Thursday, hitting April lows and with U.S. crude headed for its biggest monthly loss in a year, on growing worries that the world was pumping more crude than needed.
MARKET NEWS
* U.S. stocks mostly rose on Thursday in anticipation of results from tech heavyweights Alphabet and Amazon, while the yen eased after Reuters reported the Bank of Japan was considering expanding monetary stimulus to address signs of weak inflation.
RELATED
> China mills seek more cotton from state reserves to ease supply squeeze
> Crop tour projects below average U.S. spring wheat yields
> India's water reservoir levels at 38 pct capacity in past week
> Shell misses expectations as earnings plunge on oil, BG costs
> Noble's head of Asia energy, oil products traders quit -sources
Palm, soy and crude oil prices at 0137 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 4980 +42.00 4880 4988 430920
CHINA SOYOIL JAN7 6082 -2.00 6018 6090 327226
CBOT SOY OIL DEC6 30.18 +2.00 30.06 30.21 1228
INDIA PALM OIL JUL6 524.40 +2.00 522.60 524.9 449
INDIA SOYOIL AUG6 625.6 -1.80 622.8 628.9 39650
NYMEX CRUDE SEP6 41.14 +0.00 40.95 41.20 8578
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
29/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures reversed gains made in the previous session, pushed lower by expectations of rising output that would contribute towards greater stockpiles at end-July.
* U.S. corn and soybean futures eased on Thursday, pressured by ample existing supplies and largely favorable growing conditions that will likely lead to huge harvests this autumn, traders and analysts said.
* Oil prices settled down nearly 2 percent on Thursday, hitting April lows and with U.S. crude headed for its biggest monthly loss in a year, on growing worries that the world was pumping more crude than needed.
MARKET NEWS
* U.S. stocks mostly rose on Thursday in anticipation of results from tech heavyweights Alphabet and Amazon, while the yen eased after Reuters reported the Bank of Japan was considering expanding monetary stimulus to address signs of weak inflation.
RELATED
> China mills seek more cotton from state reserves to ease supply squeeze
> Crop tour projects below average U.S. spring wheat yields
> India's water reservoir levels at 38 pct capacity in past week
> Shell misses expectations as earnings plunge on oil, BG costs
> Noble's head of Asia energy, oil products traders quit -sources
Palm, soy and crude oil prices at 0137 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 4980 +42.00 4880 4988 430920
CHINA SOYOIL JAN7 6082 -2.00 6018 6090 327226
CBOT SOY OIL DEC6 30.18 +2.00 30.06 30.21 1228
INDIA PALM OIL JUL6 524.40 +2.00 522.60 524.9 449
INDIA SOYOIL AUG6 625.6 -1.80 622.8 628.9 39650
NYMEX CRUDE SEP6 41.14 +0.00 40.95 41.20 8578
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