MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Aug 16
VEGOILS-Market Factors to Watch Aug 16
16/08/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Palm records biggest gains in nearly a year on firmer rival oils, exports.
* Soybeans gain as soyoil rallies, pulls corn higher.
* Oil extends rally to 5-week highs on talk of producer action.
MARKET NEWS
* Wall Street stocks closed at record highs on Monday, boosted by expectations for continued monetary policy easing around the globe and a jump in oil prices to nearly five-week highs on speculation top producers may be open to cutting output.
RELATED
> Oil may test 2016 highs if Brent passes $50, WTI breaches $48.
> U.S. shale output drop seen for 10th straight month in Sept -EIA.
> U.S. rice futures surge most in 5 years on Louisiana flooding.
> Sugar, coffee prices climb as Brazil currency firms.
> India's soybean output set to rise on plentiful rains.
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Aug 1-20 palm oil export data on Aug 20.
> Cargo surveyor SGS releases Malaysia's Aug 1-20 palm oil export data on Aug 20.
Palm, soy and crude oil prices at 0041 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
MY PALM OIL NOV6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5528 +128.00 5490 5534 370508
CHINA SOYOIL JAN7 6360 +92.00 6324 6368 225418
CBOT SOY OIL DEC6 33.75 +5.50 33.59 33.78 1159
INDIA PALM OIL AUG6 544.30 +5.50 531.10 549.8 3189
INDIA SOYOIL AUG6 634.45 +0.95 634 638 4910
NYMEX CRUDE SEP6 45.56 -0.18 45.53 45.67 4423
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
* Palm records biggest gains in nearly a year on firmer rival oils, exports.
* Soybeans gain as soyoil rallies, pulls corn higher.
* Oil extends rally to 5-week highs on talk of producer action.
MARKET NEWS
* Wall Street stocks closed at record highs on Monday, boosted by expectations for continued monetary policy easing around the globe and a jump in oil prices to nearly five-week highs on speculation top producers may be open to cutting output.
RELATED
> Oil may test 2016 highs if Brent passes $50, WTI breaches $48.
> U.S. shale output drop seen for 10th straight month in Sept -EIA.
> U.S. rice futures surge most in 5 years on Louisiana flooding.
> Sugar, coffee prices climb as Brazil currency firms.
> India's soybean output set to rise on plentiful rains.
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Aug 1-20 palm oil export data on Aug 20.
> Cargo surveyor SGS releases Malaysia's Aug 1-20 palm oil export data on Aug 20.
Palm, soy and crude oil prices at 0041 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
MY PALM OIL NOV6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5528 +128.00 5490 5534 370508
CHINA SOYOIL JAN7 6360 +92.00 6324 6368 225418
CBOT SOY OIL DEC6 33.75 +5.50 33.59 33.78 1159
INDIA PALM OIL AUG6 544.30 +5.50 531.10 549.8 3189
INDIA SOYOIL AUG6 634.45 +0.95 634 638 4910
NYMEX CRUDE SEP6 45.56 -0.18 45.53 45.67 4423
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