MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 17
VEGOILS-Market Factors to Watch Nov 17
17/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose for the first time in three sessions on Wednesday after tracking rival oils as they climbed on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.
* U.S. soybean futures fell on Wednesday as traders turned their attention to rising inventories from a record-large harvest and mostly favorable crop weather in South America, analysts said.
* Oil prices eased in volatile trading on Wednesday as the market gave more weight to a bigger-than-expected U.S. crude inventory build than Russia's comments about a possible meeting with Saudi Arabia that renewed hopes for a production freeze deal.
MARKET NEWS
* The dollar edged away from a 13-year peak on Thursday, following an easing of the week-long surge in Treasury yields that was fuelled by hopes for the Trump administration's economic policies, and Asian stocks slipped on Wall Street's overnight dip.
RELATED
> OPEC ready to reach 'forceful' deal on cutting oil output -Maduro
> Several countries impose import restrictions on German poultry over bird flu
> ICE December white sugar delivery largest in nine years
> Global green energy growth seen weathering Trump storm, for now
> U.S. grain exports slide after Trump win batters Mexican peso
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.
> Cargo surveyor SGS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.
Palm, soy and crude oil prices at 0103 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC6 0 +0.00 0 0 0
MY PALM OIL JAN7 0 +0.00 0 0 0
MY PALM OIL FEB7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 6096 +40.00 6066 6146 355992
CHINA SOYOIL JAN7 6642 +10.00 6620 6686 150268
CBOT SOY OIL DEC6 34.18 +5.10 34.05 34.2 807
INDIA PALM OIL NOV6 526.80 +5.10 521.80 528.8 955
INDIA SOYOIL NOV6 682 +5.40 677.7 682.5 2730
NYMEX CRUDE DEC6 45.46 -0.11 45.31 45.50 3325
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 the first time in three sessions on Wednesday after tracking rival oils as they climbed on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.
* U.S. soybean futures fell on Wednesday as traders turned their attention to rising inventories from a record-large harvest and mostly favorable crop weather in South America, analysts said.
* Oil prices eased in volatile trading on Wednesday as the market gave more weight to a bigger-than-expected U.S. crude inventory build than Russia's comments about a possible meeting with Saudi Arabia that renewed hopes for a production freeze deal.
MARKET NEWS
* The dollar edged away from a 13-year peak on Thursday, following an easing of the week-long surge in Treasury yields that was fuelled by hopes for the Trump administration's economic policies, and Asian stocks slipped on Wall Street's overnight dip.
RELATED
> OPEC ready to reach 'forceful' deal on cutting oil output -Maduro
> Several countries impose import restrictions on German poultry over bird flu
> ICE December white sugar delivery largest in nine years
> Global green energy growth seen weathering Trump storm, for now
> U.S. grain exports slide after Trump win batters Mexican peso
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.
> Cargo surveyor SGS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.
Palm, soy and crude oil prices at 0103 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC6 0 +0.00 0 0 0
MY PALM OIL JAN7 0 +0.00 0 0 0
MY PALM OIL FEB7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 6096 +40.00 6066 6146 355992
CHINA SOYOIL JAN7 6642 +10.00 6620 6686 150268
CBOT SOY OIL DEC6 34.18 +5.10 34.05 34.2 807
INDIA PALM OIL NOV6 526.80 +5.10 521.80 528.8 955
INDIA SOYOIL NOV6 682 +5.40 677.7 682.5 2730
NYMEX CRUDE DEC6 45.46 -0.11 45.31 45.50 3325
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