MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 7
VEGOILS-Market Factors to Watch Nov 7
07/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures charted their first decline on Friday evening after two consecutive winning sessions, tracking weaker soyoil on the Chicago Board of Trade.
* U.S. soybean, wheat and corn futures were slightly higher on Friday, boosted by light investment fund buying ahead of next week's presidential election and U.S. Department of Agriculture monthly supply and demand data, traders said.
* Oil futures on Friday fell by their biggest weekly percentage decline since January of around 9 percent as signs of tensions resurfaced between Saudi Arabia and Iran that could scupper a key supply cut pact.
MARKET NEWS
* U.S. stocks jumped and the U.S. dollar and the Mexican peso soared early on Monday after the FBI said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton.
RELATED
> China corn hits over 3-month high on hopes subsidies will boost demand
> Wet spring revives Brazil's parched coffee, soy, sugar cane crops
> Egypt sets local wheat price, slashes sugar import tariffs
> U.S. pump prices climb as Colonial delays gasoline line restart
> UPDATE 2-EXCLUSIVE-Saudis could raise oil output again as sparring with Iran returns-sources
> UPDATE 1-Saudi Naimi's battles against Western "greed" shine light on Aramco IPO
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 0102 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 5912 -28.00 5844 5932 279638
CHINA SOYOIL JAN7 6574 -52.00 6534 6590 185764
CBOT SOY OIL DEC6 34.63 -2.40 34.6 34.69 1509
INDIA PALM OIL NOV6 516.00 -2.40 513.00 519.7 1891
INDIA SOYOIL NOV6 667.8 -1.85 665.6 670.5 24130
NYMEX CRUDE DEC6 44.51 +0.44 44.35 44.64 12447
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 charted their first decline on Friday evening after two consecutive winning sessions, tracking weaker soyoil on the Chicago Board of Trade.
* U.S. soybean, wheat and corn futures were slightly higher on Friday, boosted by light investment fund buying ahead of next week's presidential election and U.S. Department of Agriculture monthly supply and demand data, traders said.
* Oil futures on Friday fell by their biggest weekly percentage decline since January of around 9 percent as signs of tensions resurfaced between Saudi Arabia and Iran that could scupper a key supply cut pact.
MARKET NEWS
* U.S. stocks jumped and the U.S. dollar and the Mexican peso soared early on Monday after the FBI said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton.
RELATED
> China corn hits over 3-month high on hopes subsidies will boost demand
> Wet spring revives Brazil's parched coffee, soy, sugar cane crops
> Egypt sets local wheat price, slashes sugar import tariffs
> U.S. pump prices climb as Colonial delays gasoline line restart
> UPDATE 2-EXCLUSIVE-Saudis could raise oil output again as sparring with Iran returns-sources
> UPDATE 1-Saudi Naimi's battles against Western "greed" shine light on Aramco IPO
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 0102 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 5912 -28.00 5844 5932 279638
CHINA SOYOIL JAN7 6574 -52.00 6534 6590 185764
CBOT SOY OIL DEC6 34.63 -2.40 34.6 34.69 1509
INDIA PALM OIL NOV6 516.00 -2.40 513.00 519.7 1891
INDIA SOYOIL NOV6 667.8 -1.85 665.6 670.5 24130
NYMEX CRUDE DEC6 44.51 +0.44 44.35 44.64 12447
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