MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch July 18
VEGOILS-Market Factors to Watch July 18
18/07/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures slipped on Monday as a stronger ringgit and expectations for higher production offset data showing an increase in export shipments. POI/
* Chicago Board of Board of Trade wheat futures fell to a roughly two-week low on Monday while MGEX spring wheat gained 1 percent in wheat spreading as dry conditions stressed the spring wheat crop in the northern U.S. Plains, traders said. GRA/
* Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC-led effort to drain a glut was proving effective but output increases in some top producers eased, keeping losses in check. O/R
MARKET NEWS
* Copper prices surged to their highest levels in more than four months after robust data supporting China's economic growth, while a gauge of global stocks marked a record high for a third straight session. MKTS/GLOB
RELATED
> Malaysia's Jul 1-15 palm oil exports rose 17.6 pct -SGS
> China approves two more GMO crops for import, Dupont disappointed
> France's Avril says output resumes at crushing plant after fire
> One of worst droughts in decades devastates South Europe crops
> China approves two new GMO crops for import - agri ministry
> Malaysia lowers August crude palm oil export tax to 5.5 pct
> Cargo surveyor ITS releases Malaysia's July 1-15 palm oil export data on July 20.
> Cargo surveyor SGS releases Malaysia's July 1-15 palm oil export data on July 20.
Palm, soy and crude oil prices at 0040 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG7 0 +0.00 0 0 0
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5442 +4.00 5422 5452 92594
CHINA SOYOIL SEP7 6114 +28.00 6072 6122 96820
CBOT SOY OIL DEC7 33.7 +2.90 33.56 33.74 2023
INDIA PALM OIL JUL7 486.90 +2.90 481.80 487.8 786
INDIA SOYOIL JUL7 638.4 -0.10 636 639.5 4220
NYMEX CRUDE AUG7 46.10 +0.08 45.93 46.14 3241
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 slipped on Monday as a stronger ringgit and expectations for higher production offset data showing an increase in export shipments. POI/
* Chicago Board of Board of Trade wheat futures fell to a roughly two-week low on Monday while MGEX spring wheat gained 1 percent in wheat spreading as dry conditions stressed the spring wheat crop in the northern U.S. Plains, traders said. GRA/
* Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC-led effort to drain a glut was proving effective but output increases in some top producers eased, keeping losses in check. O/R
MARKET NEWS
* Copper prices surged to their highest levels in more than four months after robust data supporting China's economic growth, while a gauge of global stocks marked a record high for a third straight session. MKTS/GLOB
RELATED
> Malaysia's Jul 1-15 palm oil exports rose 17.6 pct -SGS
> China approves two more GMO crops for import, Dupont disappointed
> France's Avril says output resumes at crushing plant after fire
> One of worst droughts in decades devastates South Europe crops
> China approves two new GMO crops for import - agri ministry
> Malaysia lowers August crude palm oil export tax to 5.5 pct
> Cargo surveyor ITS releases Malaysia's July 1-15 palm oil export data on July 20.
> Cargo surveyor SGS releases Malaysia's July 1-15 palm oil export data on July 20.
Palm, soy and crude oil prices at 0040 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG7 0 +0.00 0 0 0
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 0 0
CHINA PALM OLEIN SEP7 5442 +4.00 5422 5452 92594
CHINA SOYOIL SEP7 6114 +28.00 6072 6122 96820
CBOT SOY OIL DEC7 33.7 +2.90 33.56 33.74 2023
INDIA PALM OIL JUL7 486.90 +2.90 481.80 487.8 786
INDIA SOYOIL JUL7 638.4 -0.10 636 639.5 4220
NYMEX CRUDE AUG7 46.10 +0.08 45.93 46.14 3241
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