MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch Nov 28
VEGOILS-Market Factors to Watch Nov 28
28/11/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures ended nearly 1 percent higher on Friday, recording a fifth consecutive session of gains due to persistent weakness in the ringgit and falling output.
* Chicago Board of Trade soybean futures rose on Friday to a new four-month high as stronger-than-expected weekly exports and an easing dollar provided support as trading resumed after a holiday closure.
* Oil prices fell over 1 percent on Monday, extending declines from last Friday as doubts re-emerged over the ability of major producers to cut output at a planned meeting on Wednesday aimed at reining in global oversupply.
MARKET NEWS
* Oil prices tumbled on Monday on worries that producer countries may not be agree on a deal to cut output, pressuring U.S. stock futures and Asian shares.
RELATED
> Malaysia's Sime Darby says could list its plantations division
> Palm may rise 10 pct before dropping on supply recovery -Mistry
> Malaysia's Nov 1-25 palm oil exports fell 10.3 pct -SGS
> Palm oil prices to plunge as global output recovers -analyst Fry
> Indonesia 2017 palm oil output seen rising up to 16 pct -industry assoc
> Palm oil demand from Indonesia biodiesel sector to surge by 2020 -govt agency
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-25 palm oil export data on Nov 30.
> Cargo surveyor SGS releases Malaysia's Nov 1-25 palm oil export data on Nov 30.
Palm, soy and crude oil prices at 0055 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 MAY7 6284 +6.00 6262 6330 305746
CHINA SOYOIL MAY7 7114 +4.00 7084 7168 338654
CBOT SOY OIL JAN7 36.94 -3.10 0 0 0
INDIA PALM OIL NOV6 548.40 -3.10 547.00 551.2 579
INDIA SOYOIL DEC6 709.45 -0.85 705.5 711.6 21740
NYMEX CRUDE JAN7 45.38 -0.68 45.14 45.79 25107
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 ended nearly 1 percent higher on Friday, recording a fifth consecutive session of gains due to persistent weakness in the ringgit and falling output.
* Chicago Board of Trade soybean futures rose on Friday to a new four-month high as stronger-than-expected weekly exports and an easing dollar provided support as trading resumed after a holiday closure.
* Oil prices fell over 1 percent on Monday, extending declines from last Friday as doubts re-emerged over the ability of major producers to cut output at a planned meeting on Wednesday aimed at reining in global oversupply.
MARKET NEWS
* Oil prices tumbled on Monday on worries that producer countries may not be agree on a deal to cut output, pressuring U.S. stock futures and Asian shares.
RELATED
> Malaysia's Sime Darby says could list its plantations division
> Palm may rise 10 pct before dropping on supply recovery -Mistry
> Malaysia's Nov 1-25 palm oil exports fell 10.3 pct -SGS
> Palm oil prices to plunge as global output recovers -analyst Fry
> Indonesia 2017 palm oil output seen rising up to 16 pct -industry assoc
> Palm oil demand from Indonesia biodiesel sector to surge by 2020 -govt agency
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-25 palm oil export data on Nov 30.
> Cargo surveyor SGS releases Malaysia's Nov 1-25 palm oil export data on Nov 30.
Palm, soy and crude oil prices at 0055 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 MAY7 6284 +6.00 6262 6330 305746
CHINA SOYOIL MAY7 7114 +4.00 7084 7168 338654
CBOT SOY OIL JAN7 36.94 -3.10 0 0 0
INDIA PALM OIL NOV6 548.40 -3.10 547.00 551.2 579
INDIA SOYOIL DEC6 709.45 -0.85 705.5 711.6 21740
NYMEX CRUDE JAN7 45.38 -0.68 45.14 45.79 25107
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