MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch June 14
VEGOILS-Market Factors to Watch June 14
14/06/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures hit a 10-month low in the second half of trade on Tuesday on the back of a stronger ringgit, while expectations of rising output and weaker export growth also weighed on the market. POI/
* U.S. wheat futures ticked higher on Wednesday, supported by continued concern over potential production losses following recent adverse weather. GRA/
* Oil prices fell by one percent early on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back. O/R
MARKET NEWS
* Asian shares crept higher on Wednesday after Wall Street notched another all-time high, while the dollar and bonds awaited clarity on the Federal Reserve's future path for U.S. policy after a likely rate rise later in the day. MKTS/GLOB
RELATED > Egyptian court suspends food inspection system meant to ease trade > Brazil center-south produces 1.75 mln T of sugar in late May > OPEC sees oil market rebalancing at slower pace, says output rises > Hog farmer Guangdong Wen's to take stake in COFCO Capital > Global energy demand stumbles for third year - BP (LON:BP) > Cargo surveyor ITS releases Malaysia's June 1-15 palm oil export data on June 15. > Cargo surveyor SGS releases Malaysia's June 1-15 palm oil export data on June 15.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type MYPALM/FLAT .
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets.
* Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11.
Palm, soy and crude oil prices at 0057 GMT Contract
Month Last Change Low High Volume
MY PALM OIL JUN7 0 +0.00 0 0 0
MY PALM OIL JUL7 0 +0.00 0 0 0
MY PALM OIL AUG7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5256 -18.00 5196 5256 163192
CHINA SOYOIL SEP7 5838 +12.00 5800 5848 118340
CBOT SOY OIL JUL7 32.16 -6.50 32.07 32.17 810
INDIA PALM OIL JUN7 492.70 -6.50 490.50 497.7 1606
INDIA SOYOIL JUN7 628.5 -1.25 626.9 629 7080
NYMEX CRUDE JUL7 45.97 -0.49 45.83 46.03 9865
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 hit a 10-month low in the second half of trade on Tuesday on the back of a stronger ringgit, while expectations of rising output and weaker export growth also weighed on the market. POI/
* U.S. wheat futures ticked higher on Wednesday, supported by continued concern over potential production losses following recent adverse weather. GRA/
* Oil prices fell by one percent early on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back. O/R
MARKET NEWS
* Asian shares crept higher on Wednesday after Wall Street notched another all-time high, while the dollar and bonds awaited clarity on the Federal Reserve's future path for U.S. policy after a likely rate rise later in the day. MKTS/GLOB
RELATED > Egyptian court suspends food inspection system meant to ease trade > Brazil center-south produces 1.75 mln T of sugar in late May > OPEC sees oil market rebalancing at slower pace, says output rises > Hog farmer Guangdong Wen's to take stake in COFCO Capital > Global energy demand stumbles for third year - BP (LON:BP) > Cargo surveyor ITS releases Malaysia's June 1-15 palm oil export data on June 15. > Cargo surveyor SGS releases Malaysia's June 1-15 palm oil export data on June 15.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type MYPALM/FLAT .
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets.
* Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11.
Palm, soy and crude oil prices at 0057 GMT Contract
Month Last Change Low High Volume
MY PALM OIL JUN7 0 +0.00 0 0 0
MY PALM OIL JUL7 0 +0.00 0 0 0
MY PALM OIL AUG7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5256 -18.00 5196 5256 163192
CHINA SOYOIL SEP7 5838 +12.00 5800 5848 118340
CBOT SOY OIL JUL7 32.16 -6.50 32.07 32.17 810
INDIA PALM OIL JUN7 492.70 -6.50 490.50 497.7 1606
INDIA SOYOIL JUN7 628.5 -1.25 626.9 629 7080
NYMEX CRUDE JUL7 45.97 -0.49 45.83 46.03 9865
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