MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch August 29
VEGOILS-Market Factors to Watch August 29
29/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Monday, weighed down by expectations that production in August would rise slightly and by a stronger ringgit. POI/
* U.S. wheat and corn futures dropped to life-of-contract lows on Monday, weighed down by technical selling and abundant global supplies, traders and analysts said. GRA/
* Gasoline prices surged to two-year highs on Monday as Tropical Storm Harvey knocked out several refineries and disrupted fuel production, while a back up in crude supplies pushed U.S. crude oil futures down more than 2.5 percent. O/R
MARKET NEWS
* U.S. stock futures fell almost one percent and the yen jumped to four-month highs against the dollar in early Asian trade on Tuesday after North Korea fired a missile over northern Japan, setting up a tense start to trading for markets in the region. MKTS/GLOB
RELATED
> U.S. gasoline price jumps, crude falls as Harvey hits refiners
> China set to create world's top utility with latest government merger
> Brazilian mills cut sugar production, boost ethanol output
> Thyssenkrupp (DE:TKAG) wins order to build fertiliser plant in Brunei
> Trump declines Chinese proposal to cut steel overcapacity -FT
> Cargo surveyor ITS releases Malaysia's Aug 1-31 palm oil export data on August 31.
> Cargo surveyor SGS releases Malaysia's Aug 1-31 palm oil export data on August 31.
Palm, soy and crude oil prices at 0032 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 5518 -32.00 5490 5540 211622
CHINA SOYOIL JAN8 6340 -40.00 6326 6374 153180
CBOT SOY OIL DEC7 34.99 -1.00 34.95 35.03 411
INDIA PALM OIL AUG7 519.70 -1.00 519.00 522 464
NDIA SOYOIL SEP7 655.45 -8.45 655.2 663.6 32240
NYMEX CRUDE OCT7 46.76 +0.19 46.68 46.88 7911
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 Monday, weighed down by expectations that production in August would rise slightly and by a stronger ringgit. POI/
* U.S. wheat and corn futures dropped to life-of-contract lows on Monday, weighed down by technical selling and abundant global supplies, traders and analysts said. GRA/
* Gasoline prices surged to two-year highs on Monday as Tropical Storm Harvey knocked out several refineries and disrupted fuel production, while a back up in crude supplies pushed U.S. crude oil futures down more than 2.5 percent. O/R
MARKET NEWS
* U.S. stock futures fell almost one percent and the yen jumped to four-month highs against the dollar in early Asian trade on Tuesday after North Korea fired a missile over northern Japan, setting up a tense start to trading for markets in the region. MKTS/GLOB
RELATED
> U.S. gasoline price jumps, crude falls as Harvey hits refiners
> China set to create world's top utility with latest government merger
> Brazilian mills cut sugar production, boost ethanol output
> Thyssenkrupp (DE:TKAG) wins order to build fertiliser plant in Brunei
> Trump declines Chinese proposal to cut steel overcapacity -FT
> Cargo surveyor ITS releases Malaysia's Aug 1-31 palm oil export data on August 31.
> Cargo surveyor SGS releases Malaysia's Aug 1-31 palm oil export data on August 31.
Palm, soy and crude oil prices at 0032 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 5518 -32.00 5490 5540 211622
CHINA SOYOIL JAN8 6340 -40.00 6326 6374 153180
CBOT SOY OIL DEC7 34.99 -1.00 34.95 35.03 411
INDIA PALM OIL AUG7 519.70 -1.00 519.00 522 464
NDIA SOYOIL SEP7 655.45 -8.45 655.2 663.6 32240
NYMEX CRUDE OCT7 46.76 +0.19 46.68 46.88 7911
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