MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch August 18
VEGOILS-Market Factors to Watch August 18
18/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures scored their first gain in four sessions on Thursday, tracking stronger edible oils and lifted by tighter supplies, traders said. POI/
* Chicago Board of Trade wheat futures 0#W: fell about 1 percent to life-of-contract lows on Thursday, weighed down by investment fund short selling and abundant global supplies, traders said. GRA/
* Oil prices fell early on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening. O/R
MARKET NEWS
* Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump's ability to fulfill his economic agenda. MKTS/GLOB
RELATED
> U.S. soybean export sales build as China buying accelerates
> EU 2017/18 soybean imports down 15 pct, palm oil down 3 pct
> Brazil farmers run out of space as bumper crops pile up
> Brazil's grain exports from northern ports rise to 24 pct
> Cargo surveyor ITS releases Malaysia's Aug 1-20 palm oil export data on August 20.
> Cargo surveyor SGS releases Malaysia's Aug 1-20 palm oil export data on August 20.
Palm, soy and crude oil prices at 0116 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 0 0
MY PALM OIL NOV7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5340 +14.00 5324 5354 159482
CHINA SOYOIL JAN8 6224 +16.00 6204 6242 150428
CBOT SOY OIL DEC7 33.52 +4.60 33.46 33.64 1364
INDIA PALM OIL AUG7 504.00 +4.60 500.00 505.1 2162
INDIA SOYOIL AUG7 639.1 +0.45 638.4 641 3390
NYMEX CRUDE SEP7 47.09 +0.00 46.92 47.10 4318
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 scored their first gain in four sessions on Thursday, tracking stronger edible oils and lifted by tighter supplies, traders said. POI/
* Chicago Board of Trade wheat futures 0#W: fell about 1 percent to life-of-contract lows on Thursday, weighed down by investment fund short selling and abundant global supplies, traders said. GRA/
* Oil prices fell early on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening. O/R
MARKET NEWS
* Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump's ability to fulfill his economic agenda. MKTS/GLOB
RELATED
> U.S. soybean export sales build as China buying accelerates
> EU 2017/18 soybean imports down 15 pct, palm oil down 3 pct
> Brazil farmers run out of space as bumper crops pile up
> Brazil's grain exports from northern ports rise to 24 pct
> Cargo surveyor ITS releases Malaysia's Aug 1-20 palm oil export data on August 20.
> Cargo surveyor SGS releases Malaysia's Aug 1-20 palm oil export data on August 20.
Palm, soy and crude oil prices at 0116 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 0 0
MY PALM OIL NOV7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5340 +14.00 5324 5354 159482
CHINA SOYOIL JAN8 6224 +16.00 6204 6242 150428
CBOT SOY OIL DEC7 33.52 +4.60 33.46 33.64 1364
INDIA PALM OIL AUG7 504.00 +4.60 500.00 505.1 2162
INDIA SOYOIL AUG7 639.1 +0.45 638.4 641 3390
NYMEX CRUDE SEP7 47.09 +0.00 46.92 47.10 4318
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