MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch June 20
VEGOILS-Market Factors to Watch June 20
20/06/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose to their highest in two weeks on Monday in a fourth consecutive session of gains, tracking other edible oils and on forecasts of lower end-stocks in Indonesia. POI/
* U.S. corn futures fell more than 2 percent on Monday on forecasts for mostly benign weather in the Midwest as the crop heads into its pollination phase next month, analysts said. GRA/
* Oil prices fell about 1 percent on Monday to a seven-month low as market players saw more signs that rising crude production in the United States, Libya and Nigeria undercut OPEC-led efforts to support the market with output curbs. O/R
MARKET NEWS
* World stock markets climbed on Monday as technology and retail stocks rebounded from recent weakness and U.S. Treasury yields rose in the wake of hawkish comments from a Federal Reserve official. MKTS/GLOB
RELATED
> Chairman at Malaysia's FGV steps down after initiating probe into management
> Chinese beef buyers race to get hands on American steak
> Argentine grain ships halted when replacement workers quit
> Russian wheat prices up on higher global benchmarks, crop delay
> Cargo surveyor ITS releases Malaysia's June 1-20 palm oil export data on June 20.
> Cargo surveyor SGS releases Malaysia's June 1-20 palm oil export data on June 20.
Palm, soy and crude oil prices at 0042 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL7 0 +0.00 0 0 0
MY PALM OIL AUG7 0 +0.00 0 0 0
MY PALM OIL SEP7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5362 -4.00 5338 5374 129912
CHINA SOYOIL SEP7 5898 -16.00 5886 5922 117522
CBOT SOY OIL JUL7 32.89 -0.20 32.8 32.92 771
INDIA PALM OIL JUN7 490.40 -0.20 490.10 493 935
INDIA SOYOIL JUN7 632.5 +2.10 630 636.05 2200
NYMEX CRUDE JUL7 44.28 +0.08 44.11 44.33 476
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 to their highest in two weeks on Monday in a fourth consecutive session of gains, tracking other edible oils and on forecasts of lower end-stocks in Indonesia. POI/
* U.S. corn futures fell more than 2 percent on Monday on forecasts for mostly benign weather in the Midwest as the crop heads into its pollination phase next month, analysts said. GRA/
* Oil prices fell about 1 percent on Monday to a seven-month low as market players saw more signs that rising crude production in the United States, Libya and Nigeria undercut OPEC-led efforts to support the market with output curbs. O/R
MARKET NEWS
* World stock markets climbed on Monday as technology and retail stocks rebounded from recent weakness and U.S. Treasury yields rose in the wake of hawkish comments from a Federal Reserve official. MKTS/GLOB
RELATED
> Chairman at Malaysia's FGV steps down after initiating probe into management
> Chinese beef buyers race to get hands on American steak
> Argentine grain ships halted when replacement workers quit
> Russian wheat prices up on higher global benchmarks, crop delay
> Cargo surveyor ITS releases Malaysia's June 1-20 palm oil export data on June 20.
> Cargo surveyor SGS releases Malaysia's June 1-20 palm oil export data on June 20.
Palm, soy and crude oil prices at 0042 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL7 0 +0.00 0 0 0
MY PALM OIL AUG7 0 +0.00 0 0 0
MY PALM OIL SEP7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5362 -4.00 5338 5374 129912
CHINA SOYOIL SEP7 5898 -16.00 5886 5922 117522
CBOT SOY OIL JUL7 32.89 -0.20 32.8 32.92 771
INDIA PALM OIL JUN7 490.40 -0.20 490.10 493 935
INDIA SOYOIL JUN7 632.5 +2.10 630 636.05 2200
NYMEX CRUDE JUL7 44.28 +0.08 44.11 44.33 476
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