MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 25
VEGOILS-Market Factors to Watch Nov 25
25/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose for a fourth day on Thursday after touching a four-year high intraday, as it tracked a rally in soyoil on the Chicago Board of Trade on latest U.S. government biodiesel requirements.
* Oil prices were little changed on Thursday ahead of next week's meeting of the Organization of the Petroleum Exporting Countries (OPEC) to discuss implementation of its proposed cap on production.
MARKET NEWS
* The dollar surged to a near 14-year high before pulling back on Thursday, clocking up records against a range of other top world currencies and skittling emerging markets.
RELATED
> Record crops to send grain stocks to all-time peak -IGC
> Argentina seen planting 20.22 mln hectares in 2016/17 soy
> Indonesia palm output, exports seen down 10-15 pct in 2016
> Indian soyoil surges tracking CBOT soyoil rally
> Brazil's 2016/2017 soybean crop seen at 102.6 mln tns - Agroconsult
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 0044 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 6298 -12.00 6262 6336 208724
CHINA SOYOIL MAY7 7104 +78.00 7040 7140 270718
CBOT SOY OIL DEC6 36.85 -0.10 0 0 0
INDIA PALM OIL NOV6 552.20 -0.10 550.00 556 701
INDIA SOYOIL DEC6 710.9 +10.05 685.65 713.4 45050
NYMEX CRUDE JAN7 47.94 -0.02 47.80 48.26 107318
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 fourth day on Thursday after touching a four-year high intraday, as it tracked a rally in soyoil on the Chicago Board of Trade on latest U.S. government biodiesel requirements.
* Oil prices were little changed on Thursday ahead of next week's meeting of the Organization of the Petroleum Exporting Countries (OPEC) to discuss implementation of its proposed cap on production.
MARKET NEWS
* The dollar surged to a near 14-year high before pulling back on Thursday, clocking up records against a range of other top world currencies and skittling emerging markets.
RELATED
> Record crops to send grain stocks to all-time peak -IGC
> Argentina seen planting 20.22 mln hectares in 2016/17 soy
> Indonesia palm output, exports seen down 10-15 pct in 2016
> Indian soyoil surges tracking CBOT soyoil rally
> Brazil's 2016/2017 soybean crop seen at 102.6 mln tns - Agroconsult
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 0044 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 6298 -12.00 6262 6336 208724
CHINA SOYOIL MAY7 7104 +78.00 7040 7140 270718
CBOT SOY OIL DEC6 36.85 -0.10 0 0 0
INDIA PALM OIL NOV6 552.20 -0.10 550.00 556 701
INDIA SOYOIL DEC6 710.9 +10.05 685.65 713.4 45050
NYMEX CRUDE JAN7 47.94 -0.02 47.80 48.26 107318
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