MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 8
VEGOILS-Market Factors to Watch Nov 8
08/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures touched their highest in over a week at one point on Monday, bolstered by a weaker ringgit and concerns that year-end monsoons could disrupt harvests.
* U.S. soybean futures rose for the third straight session on Monday, boosted by robust export demand, while wheat and corn futures eased due to caution ahead of Tuesday's U.S. elections and a key supply-demand report.
* Oil prices were stable early on Tuesday after posting strong gains the previous day, with investors piling money into financial markets in expectation that Democrat Hillary Clinton would win the U.S. presidential election.
MARKET NEWS
* Stock markets across the globe rallied on Monday, along with the U.S. dollar, notching their biggest gains in weeks after the FBI stood by its view that no criminal charges were warranted against Hillary Clinton over her email practices.
RELATED
> EXCLUSIVE-U.S. states join Dow-DuPont merger probe -sources
> COFCO plans expansion in Brazil's sugar cane industry
> Fund soyoil bets could fizzle without more bullish news -Braun
> Oil investor impatience grows over global surplus
> Starved of coal, China steel mills opt for output cuts and early repairs
> Saudi oil shipments to Egypt halted indefinitely, Egyptian officials say
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 0121 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 5996 +50.00 5950 6026 366324
CHINA SOYOIL JAN7 6668 +62.00 6626 6680 194206
CBOT SOY OIL DEC6 34.95 +1.60 34.82 34.95 575
INDIA PALM OIL NOV6 517.00 +1.60 516.00 519.7 1848
INDIA SOYOIL NOV6 668.2 +0.30 668 670.9 13000
NYMEX CRUDE DEC6 44.88 -0.01 44.82 44.99 3918
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 touched their highest in over a week at one point on Monday, bolstered by a weaker ringgit and concerns that year-end monsoons could disrupt harvests.
* U.S. soybean futures rose for the third straight session on Monday, boosted by robust export demand, while wheat and corn futures eased due to caution ahead of Tuesday's U.S. elections and a key supply-demand report.
* Oil prices were stable early on Tuesday after posting strong gains the previous day, with investors piling money into financial markets in expectation that Democrat Hillary Clinton would win the U.S. presidential election.
MARKET NEWS
* Stock markets across the globe rallied on Monday, along with the U.S. dollar, notching their biggest gains in weeks after the FBI stood by its view that no criminal charges were warranted against Hillary Clinton over her email practices.
RELATED
> EXCLUSIVE-U.S. states join Dow-DuPont merger probe -sources
> COFCO plans expansion in Brazil's sugar cane industry
> Fund soyoil bets could fizzle without more bullish news -Braun
> Oil investor impatience grows over global surplus
> Starved of coal, China steel mills opt for output cuts and early repairs
> Saudi oil shipments to Egypt halted indefinitely, Egyptian officials say
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 0121 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 5996 +50.00 5950 6026 366324
CHINA SOYOIL JAN7 6668 +62.00 6626 6680 194206
CBOT SOY OIL DEC6 34.95 +1.60 34.82 34.95 575
INDIA PALM OIL NOV6 517.00 +1.60 516.00 519.7 1848
INDIA SOYOIL NOV6 668.2 +0.30 668 670.9 13000
NYMEX CRUDE DEC6 44.88 -0.01 44.82 44.99 3918
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