MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 21
VEGOILS-Market Factors to Watch Nov 21
21/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures dropped on Friday, their first session of losses in three, as they tracked weaker rival oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.
* U.S. wheat futures rose about 1 percent on Friday as dry weather and expectations of a drop in U.S. wheat plantings prompted short-covering ahead of the weekend, analysts said.
* Oil prices settled higher on Friday, closing out a strong week that saw crude buoyed by growing expectations that OPEC will find a way to cap production at the end of the month.
MARKET NEWS
* The U.S. dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a selloff that left yields at their highest levels of the year.
RELATED
> Cash crunch chokes off India palm oil imports
> Funds net buyers of CBOT corn, wheat, soybeans
> Russia says needs to improve quality of its grain crop
> CBOT soybeans end higher on export demand, technical buying
> Exporters sell U.S. Soybeans to China - USDA
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-25 palm oil export data on Nov 25.
> Cargo surveyor SGS releases Malaysia's Nov 1-25 palm oil export data on Nov 25.
Palm, soy and crude oil prices at 0033 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 6132 +18.00 6102 6156 226024
CHINA SOYOIL JAN7 6660 +30.00 6630 6678 134032
CBOT SOY OIL DEC6 34.05 +0.30 0 0 0
INDIA PALM OIL NOV6 527.50 +0.30 522.70 527.8 653
INDIA SOYOIL DEC6 683.5 +2.70 677 684.8 19250
NYMEX CRUDE DEC6 46.10 +0.41 45.77 46.29 397
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 dropped on Friday, their first session of losses in three, as they tracked weaker rival oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.
* U.S. wheat futures rose about 1 percent on Friday as dry weather and expectations of a drop in U.S. wheat plantings prompted short-covering ahead of the weekend, analysts said.
* Oil prices settled higher on Friday, closing out a strong week that saw crude buoyed by growing expectations that OPEC will find a way to cap production at the end of the month.
MARKET NEWS
* The U.S. dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a selloff that left yields at their highest levels of the year.
RELATED
> Cash crunch chokes off India palm oil imports
> Funds net buyers of CBOT corn, wheat, soybeans
> Russia says needs to improve quality of its grain crop
> CBOT soybeans end higher on export demand, technical buying
> Exporters sell U.S. Soybeans to China - USDA
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-25 palm oil export data on Nov 25.
> Cargo surveyor SGS releases Malaysia's Nov 1-25 palm oil export data on Nov 25.
Palm, soy and crude oil prices at 0033 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 6132 +18.00 6102 6156 226024
CHINA SOYOIL JAN7 6660 +30.00 6630 6678 134032
CBOT SOY OIL DEC6 34.05 +0.30 0 0 0
INDIA PALM OIL NOV6 527.50 +0.30 522.70 527.8 653
INDIA SOYOIL DEC6 683.5 +2.70 677 684.8 19250
NYMEX CRUDE DEC6 46.10 +0.41 45.77 46.29 397
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