MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch July 31
VEGOILS-Market Factors to Watch July 31
31/07/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Friday, weighed down by a stronger ringgit and mild profit taking. POI/
* U.S. wheat futures rose on Friday, buoyed by signs of poor yields in drought-hit U.S. spring wheat belts, but the benchmark Chicago Board of Trade soft red winter wheat contract Wv1 was still headed for a third straight weekly loss as U.S. crop troubles were set against ample global supplies. GRA/
* Oil prices rose to their highest levels since May early on Monday as a dip in U.S. output tightened the market and the threat of sanctions against Venezuela kept traders on edge. O/R
MARKET NEWS
* Stock markets fell worldwide on Friday as results from some big U.S. companies disappointed and tobacco shares dropped, while oil prices had their biggest weekly percentage rise this year. MKTS/GLOB
RELATED
> U.S. hopes NAFTA update avoids pitting farms against manufacturers
> Ukraine harvests 24.3 mln t of grain so far - ministry
> EU slashes maize crop forecast, projects record imports
> COLUMN-The rain dilemma for U.S. corn, soybeans -Braun
> Louis Dreyfus gives notice of intention to redeem subordinated bonds
> Cargo surveyor ITS releases Malaysia's July 1-15 palm oil export data on July 31.
> Cargo surveyor SGS releases Malaysia's July 1-15 palm oil export data on July 31.
Palm, soy and crude oil prices at 0045 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 JAN8 5448 +32.00 5386 5456 156762
CHINA SOYOIL JAN8 6302 +10.00 6234 6308 122082
CBOT SOY OIL DEC7 34.89 -2.80 34.66 35.17 4045
INDIA PALM OIL JUL7 488.10 -2.80 486.70 489.7 809
INDIA SOYOIL AUG7 646.8 +0.20 642.2 646.8 29710
NYMEX CRUDE SEP7 49.78 +0.07 49.76 50.06 18232
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 fell on Friday, weighed down by a stronger ringgit and mild profit taking. POI/
* U.S. wheat futures rose on Friday, buoyed by signs of poor yields in drought-hit U.S. spring wheat belts, but the benchmark Chicago Board of Trade soft red winter wheat contract Wv1 was still headed for a third straight weekly loss as U.S. crop troubles were set against ample global supplies. GRA/
* Oil prices rose to their highest levels since May early on Monday as a dip in U.S. output tightened the market and the threat of sanctions against Venezuela kept traders on edge. O/R
MARKET NEWS
* Stock markets fell worldwide on Friday as results from some big U.S. companies disappointed and tobacco shares dropped, while oil prices had their biggest weekly percentage rise this year. MKTS/GLOB
RELATED
> U.S. hopes NAFTA update avoids pitting farms against manufacturers
> Ukraine harvests 24.3 mln t of grain so far - ministry
> EU slashes maize crop forecast, projects record imports
> COLUMN-The rain dilemma for U.S. corn, soybeans -Braun
> Louis Dreyfus gives notice of intention to redeem subordinated bonds
> Cargo surveyor ITS releases Malaysia's July 1-15 palm oil export data on July 31.
> Cargo surveyor SGS releases Malaysia's July 1-15 palm oil export data on July 31.
Palm, soy and crude oil prices at 0045 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 JAN8 5448 +32.00 5386 5456 156762
CHINA SOYOIL JAN8 6302 +10.00 6234 6308 122082
CBOT SOY OIL DEC7 34.89 -2.80 34.66 35.17 4045
INDIA PALM OIL JUL7 488.10 -2.80 486.70 489.7 809
INDIA SOYOIL AUG7 646.8 +0.20 642.2 646.8 29710
NYMEX CRUDE SEP7 49.78 +0.07 49.76 50.06 18232
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