MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 3
VEGOILS-Market Factors to Watch Nov 3
03/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures on Wednesday saw their first session of gains this week, lifted by concerns about lower production and a weakening ringgit, palm's traded currency.
* U.S. soybean futures fell on Wednesday for a fourth straight session on long liquidation and profit-taking ahead of a key government crop report and market jitters over next week's presidential election, analysts said.
* Oil prices tumbled 3 percent on Wednesday after a record weekly build in U.S. crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output.
MARKET NEWS
* Asia shares eased on Thursday while the U.S. dollar stayed on the defensive as a tightening U.S. presidential race saw the S&P 500 suffer its longest losing streak in five years as investors fled to safer harbours.
RELATED
> Britain's May says will do utmost to protect agriculture post-Brexit
> Argentina agricultural workers demand pay hike, threaten disruptions
> Fertilizer maker CF Industries posts 1st quarterly loss since 2010
> Bunge expects bounce from record US harvest
> Exporters sell U.S. soybeans to China- USDA
> German cabinet approves draft law banning GMO crops
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 0041 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 5882 +28.00 5844 5896 352594
CHINA SOYOIL JAN7 6632 +0.00 6588 6652 188918
CBOT SOY OIL DEC6 34.98 34.97 35 441
INDIA SOYOIL NOV6 669.1 +3.70 663.5 669.4 32920
NYMEX CRUDE DEC6 45.68 +0.34 45.45 45.78 9294
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 on Wednesday saw their first session of gains this week, lifted by concerns about lower production and a weakening ringgit, palm's traded currency.
* U.S. soybean futures fell on Wednesday for a fourth straight session on long liquidation and profit-taking ahead of a key government crop report and market jitters over next week's presidential election, analysts said.
* Oil prices tumbled 3 percent on Wednesday after a record weekly build in U.S. crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output.
MARKET NEWS
* Asia shares eased on Thursday while the U.S. dollar stayed on the defensive as a tightening U.S. presidential race saw the S&P 500 suffer its longest losing streak in five years as investors fled to safer harbours.
RELATED
> Britain's May says will do utmost to protect agriculture post-Brexit
> Argentina agricultural workers demand pay hike, threaten disruptions
> Fertilizer maker CF Industries posts 1st quarterly loss since 2010
> Bunge expects bounce from record US harvest
> Exporters sell U.S. soybeans to China- USDA
> German cabinet approves draft law banning GMO crops
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 0041 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 5882 +28.00 5844 5896 352594
CHINA SOYOIL JAN7 6632 +0.00 6588 6652 188918
CBOT SOY OIL DEC6 34.98 34.97 35 441
INDIA SOYOIL NOV6 669.1 +3.70 663.5 669.4 32920
NYMEX CRUDE DEC6 45.68 +0.34 45.45 45.78 9294
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