MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch September 20
VEGOILS-Market Factors to Watch September 20
20/09/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell to their lowest in a week on Tuesday evening, a fourth straight session of falls, due to a technical correction and traders' expectations that export demand will cool towards the end of the month. POI/
* Chicago corn futures fell nearly 1 percent on Tuesday on chart-based selling as the harvest of a large U.S. crop loomed, traders said. GRA/
* Oil prices ended lower on Tuesday, retreating from near five-month highs ahead of a meeting between key oil producers on the outlook for further supply cuts. O/R
MARKET NEWS
* Global stock markets inched higher on Tuesday and the dollar dipped as investors awaited signals from the U.S. Federal Reserve on when it will hike interest rates again and start shrinking its balance sheet. MKTS/GLOB
RELATED
> EU cuts duties on Argentine biodiesel, challenge to come
> Canada wheat production down, according to new Statscan survey
> India's cotton regions forecast to get much needed rain
> Getting savvy? China corn farmers set to hold on to crops, bet prices will rise
> S.Korea's NOFI tenders for rapeseed meal, palm and copra meals
FUNDAMENTALS
* Malaysian palm oil futures fell to their lowest in a week on Tuesday evening, a fourth straight session of falls, due to a technical correction and traders' expectations that export demand will cool towards the end of the month. POI/
* Chicago corn futures fell nearly 1 percent on Tuesday on chart-based selling as the harvest of a large U.S. crop loomed, traders said. GRA/
* Oil prices ended lower on Tuesday, retreating from near five-month highs ahead of a meeting between key oil producers on the outlook for further supply cuts. O/R
MARKET NEWS
* Global stock markets inched higher on Tuesday and the dollar dipped as investors awaited signals from the U.S. Federal Reserve on when it will hike interest rates again and start shrinking its balance sheet. MKTS/GLOB
RELATED
> EU cuts duties on Argentine biodiesel, challenge to come
> Canada wheat production down, according to new Statscan survey
> India's cotton regions forecast to get much needed rain
> Getting savvy? China corn farmers set to hold on to crops, bet prices will rise
> S.Korea's NOFI tenders for rapeseed meal, palm and copra meals
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Sept 1-20 palm oil export data on Sept 20.
> Cargo surveyor SGS releases Malaysia's Sept 1-20 palm oil export data on Sept 20.
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
> Cargo surveyor ITS releases Malaysia's Sept 1-20 palm oil export data on Sept 20.
> Cargo surveyor SGS releases Malaysia's Sept 1-20 palm oil export data on Sept 20.
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