MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Oct 18
VEGOILS-Market Factors to Watch Oct 18
18/10/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil surged to its highest level in about six months in on Monday, tracking a rally in its rival oilseed soy and gaining on forecasts of weaker production growth for the month of October.
* Front-month U.S. soybean futures rose more than 1 percent on Monday, hitting a three-week high on export demand and renewed strength in global vegetable oil markets, analysts said.
* Oil prices settled down on Monday, weighed by oversupply concerns, with a spike in trade volume driving U.S prices below $50, but losses were limited amid a projected drop in American shale output.
MARKET NEWS
* Major stock markets around the world fell on Monday and U.S. and European bond yields slipped from four-month highs amid uncertainty over the health of the global economy.
RELATED
> Argentine wheat quality expected to jump as demand soars
> -ISS recommends investors back Agrium-Potash Corp merger
> Russian wheat export prices up after Egypt resumes tenders
> Iran aims for oil, gas fields tender in November
> Even at $100 for coal, Asia's LNG industry struggles to compete
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-20 palm oil export data on Oct 20
> Cargo surveyor SGS releases Malaysia's Oct 1-20 palm oil export data on Oct 20.
FUNDAMENTALS
* Malaysian palm oil surged to its highest level in about six months in on Monday, tracking a rally in its rival oilseed soy and gaining on forecasts of weaker production growth for the month of October.
* Front-month U.S. soybean futures rose more than 1 percent on Monday, hitting a three-week high on export demand and renewed strength in global vegetable oil markets, analysts said.
* Oil prices settled down on Monday, weighed by oversupply concerns, with a spike in trade volume driving U.S prices below $50, but losses were limited amid a projected drop in American shale output.
MARKET NEWS
* Major stock markets around the world fell on Monday and U.S. and European bond yields slipped from four-month highs amid uncertainty over the health of the global economy.
RELATED
> Argentine wheat quality expected to jump as demand soars
> -ISS recommends investors back Agrium-Potash Corp merger
> Russian wheat export prices up after Egypt resumes tenders
> Iran aims for oil, gas fields tender in November
> Even at $100 for coal, Asia's LNG industry struggles to compete
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-20 palm oil export data on Oct 20
> Cargo surveyor SGS releases Malaysia's Oct 1-20 palm oil export data on Oct 20.