MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Sept 21
VEGOILS-Market Factors to Watch Sept 21
21/09/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures surged to their highest in five months on Tuesday, recording a third straight session of gains, in response to tight supplies and strength in rival oils.
* Chicago Board of Trade soybean futures rose 1.7 percent on Tuesday, hitting a nearly one-month high on strong export demand and as rains delayed harvest in key production areas of the U.S. Midwest, traders said.
* U.S. crude oil settled up on Tuesday on speculation of demand from the planned restart of the country's main gasoline pipeline, before being joined by Brent in a post-settlement rally on data showing a surprise U.S. inventory drawdown.
MARKET NEWS
* The dollar edged up while world stock indexes were flat on Tuesday as investors awaited the outcomes of Federal Reserve and Bank of Japan policy meetings that will conclude on Wednesday.
RELATED
> Malaysia's Sep 1-20 palm oil exports fell 12.2 pct -SGS
> Malaysia's Sept 1 - 20 palm oil exports fall 11 pct m/m - ITS
> Tough farm conditions right time for Potash merger -Agrium CEO
> Timely rains relieve EU rapeseed crops after difficult sowings
> OPEC chief: oil market stabilisation deal may last one year -RIA
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Sept 1-15 palm oil export data on Sept 26.
> Cargo surveyor SGS releases Malaysia's Sept 1-15 palm oil export data on Sept 26.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT6 0 +0.00 0 0 0
MY PALM OIL NOV6 0 +0.00 0 0 0
MY PALM OIL DEC6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5732 +128.00 5676 5740 542270
CHINA SOYOIL JAN7 6370 +34.00 6334 6376 304100
CBOT SOY OIL DEC6 34.1 +7.60 34.03 34.1 830
INDIA PALM OIL SEP6 588.30 +7.60 582.00 591 3336
INDIA SOYOIL OCT6 665.45 +2.50 661.3 671.9 60740
NYMEX CRUDE NOV6 44.86 +0.81 44.50 45.14 17662
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 surged to their highest in five months on Tuesday, recording a third straight session of gains, in response to tight supplies and strength in rival oils.
* Chicago Board of Trade soybean futures rose 1.7 percent on Tuesday, hitting a nearly one-month high on strong export demand and as rains delayed harvest in key production areas of the U.S. Midwest, traders said.
* U.S. crude oil settled up on Tuesday on speculation of demand from the planned restart of the country's main gasoline pipeline, before being joined by Brent in a post-settlement rally on data showing a surprise U.S. inventory drawdown.
MARKET NEWS
* The dollar edged up while world stock indexes were flat on Tuesday as investors awaited the outcomes of Federal Reserve and Bank of Japan policy meetings that will conclude on Wednesday.
RELATED
> Malaysia's Sep 1-20 palm oil exports fell 12.2 pct -SGS
> Malaysia's Sept 1 - 20 palm oil exports fall 11 pct m/m - ITS
> Tough farm conditions right time for Potash merger -Agrium CEO
> Timely rains relieve EU rapeseed crops after difficult sowings
> OPEC chief: oil market stabilisation deal may last one year -RIA
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Sept 1-15 palm oil export data on Sept 26.
> Cargo surveyor SGS releases Malaysia's Sept 1-15 palm oil export data on Sept 26.
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT6 0 +0.00 0 0 0
MY PALM OIL NOV6 0 +0.00 0 0 0
MY PALM OIL DEC6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5732 +128.00 5676 5740 542270
CHINA SOYOIL JAN7 6370 +34.00 6334 6376 304100
CBOT SOY OIL DEC6 34.1 +7.60 34.03 34.1 830
INDIA PALM OIL SEP6 588.30 +7.60 582.00 591 3336
INDIA SOYOIL OCT6 665.45 +2.50 661.3 671.9 60740
NYMEX CRUDE NOV6 44.86 +0.81 44.50 45.14 17662
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