MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 1
VEGOILS-Market Factors to Watch Nov 1
01/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures closed lower on Monday partly in response to a fall in monthly export figures.
* Chicago Board of Trade wheat futures climbed more than 1 percent on Monday as traders covered short positions following U.S. regulatory data last week showing an unexpectedly large build in bearish wheat bets.
* Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production.
MARKET NEWS
* Asian stocks wallowed near six-week lows on Tuesday as investors braced for a looming raft of economic and central bank events, while oil prices fell as markets doubted OPEC's ability to implement planned production cuts.
RELATED
> U.S. biodiesel output rises to 142 million gallons in August -EIA
> U.S. soy glut from record harvest burdens farmers
> COLUMN-Is wheat undervalued on the futures market? -Braun
> EU raises wheat, barley crop outlook
> Supply minister says Egypt's strategic commodity stocks to last 5-6 months -MENA
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct palm oil export data on Nov 10.
> Cargo surveyor SGS releases Malaysia's Oct palm oil export data on Nov 10.
Palm, soy and crude oil prices at 0049 GMT
Contract Month Last Change Low High Volume
MY PALM OIL NOV6 0 +0.00 0 0 0
MY PALM OIL DEC6 0 +0.00 0 0 0
MY PALM OIL JAN7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5972 +6.00 5904 5980 336530
CHINA SOYOIL JAN7 6726 +20.00 6650 6736 210000
CBOT SOY OIL DEC6 35.15 -3.10 35.13 35.25 1000
INDIA PALM OIL NOV6 515.00 -3.10 511.10 516.9 497
INDIA SOYOIL NOV6 667.7 -1.45 667.1 669.1 6420
NYMEX CRUDE DEC6 46.85 -0.01 46.69 46.99 41586
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 closed lower on Monday partly in response to a fall in monthly export figures.
* Chicago Board of Trade wheat futures climbed more than 1 percent on Monday as traders covered short positions following U.S. regulatory data last week showing an unexpectedly large build in bearish wheat bets.
* Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production.
MARKET NEWS
* Asian stocks wallowed near six-week lows on Tuesday as investors braced for a looming raft of economic and central bank events, while oil prices fell as markets doubted OPEC's ability to implement planned production cuts.
RELATED
> U.S. biodiesel output rises to 142 million gallons in August -EIA
> U.S. soy glut from record harvest burdens farmers
> COLUMN-Is wheat undervalued on the futures market? -Braun
> EU raises wheat, barley crop outlook
> Supply minister says Egypt's strategic commodity stocks to last 5-6 months -MENA
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct palm oil export data on Nov 10.
> Cargo surveyor SGS releases Malaysia's Oct palm oil export data on Nov 10.
Palm, soy and crude oil prices at 0049 GMT
Contract Month Last Change Low High Volume
MY PALM OIL NOV6 0 +0.00 0 0 0
MY PALM OIL DEC6 0 +0.00 0 0 0
MY PALM OIL JAN7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5972 +6.00 5904 5980 336530
CHINA SOYOIL JAN7 6726 +20.00 6650 6736 210000
CBOT SOY OIL DEC6 35.15 -3.10 35.13 35.25 1000
INDIA PALM OIL NOV6 515.00 -3.10 511.10 516.9 497
INDIA SOYOIL NOV6 667.7 -1.45 667.1 669.1 6420
NYMEX CRUDE DEC6 46.85 -0.01 46.69 46.99 41586
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