MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 4
VEGOILS-Market Factors to Watch Nov 4
11/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose for a second consecutive session, supported by concerns about lower output despite a weaker performance by rival vegetable oils on Thursday evening.
* U.S. wheat futures fell more than 1 percent on Thursday and soybean and corn prices rose slightly as markets took cues from U.S. Department of Agriculture export sales data, traders said.
* Oil prices settled down more than 1 percent on Thursday as investors reeled from a record weekly surge in U.S. crude inventories, and remained skeptical about whether OPEC can actually implement its planned output cap.
MARKET NEWS
* Global equity prices drifted lower on Thursday as worries about the U.S. presidential election continued to weigh on investor sentiment, while sterling rose after a UK court ruled that the British government needed Parliament's approval to trigger Brexit.
RELATED
> Canada says probe of cow's tuberculosis may take months
> Egypt's GASC buys 45,000 tonnes of sunflower oil in tender
> Informa raises U.S. soy yield estimate to 52.4 bpa -trade
> West European wheat sowings late but still on good track
> COLUMN-Southern Brazil soybeans vulnerable to La Niña -Braun
> Malaysia to implement higher biodiesel mandates from Dec. 1
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 0030 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 5944 +72.00 5900 5984 441090
CHINA SOYOIL JAN7 6642 +18.00 6624 6680 215966
CBOT SOY OIL DEC6 35.12 +1.30 35.06 35.13 259
INDIA PALM OIL NOV6 517.70 +1.30 514.40 522.8 1572
INDIA SOYOIL NOV6 669.4 +1.25 666.6 672.5 22670
NYMEX CRUDE DEC6 44.81 +0.15 44.57 44.83 4525
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 rose for a second consecutive session, supported by concerns about lower output despite a weaker performance by rival vegetable oils on Thursday evening.
* U.S. wheat futures fell more than 1 percent on Thursday and soybean and corn prices rose slightly as markets took cues from U.S. Department of Agriculture export sales data, traders said.
* Oil prices settled down more than 1 percent on Thursday as investors reeled from a record weekly surge in U.S. crude inventories, and remained skeptical about whether OPEC can actually implement its planned output cap.
MARKET NEWS
* Global equity prices drifted lower on Thursday as worries about the U.S. presidential election continued to weigh on investor sentiment, while sterling rose after a UK court ruled that the British government needed Parliament's approval to trigger Brexit.
RELATED
> Canada says probe of cow's tuberculosis may take months
> Egypt's GASC buys 45,000 tonnes of sunflower oil in tender
> Informa raises U.S. soy yield estimate to 52.4 bpa -trade
> West European wheat sowings late but still on good track
> COLUMN-Southern Brazil soybeans vulnerable to La Niña -Braun
> Malaysia to implement higher biodiesel mandates from Dec. 1
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 0030 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 5944 +72.00 5900 5984 441090
CHINA SOYOIL JAN7 6642 +18.00 6624 6680 215966
CBOT SOY OIL DEC6 35.12 +1.30 35.06 35.13 259
INDIA PALM OIL NOV6 517.70 +1.30 514.40 522.8 1572
INDIA SOYOIL NOV6 669.4 +1.25 666.6 672.5 22670
NYMEX CRUDE DEC6 44.81 +0.15 44.57 44.83 4525
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