MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch September 29
VEGOILS-Market Factors to Watch September 29
29/09/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures were lower on Thursday evening, tracking the weakness in rival edible oilseeds and recording a second straight day of losses.
* U.S. soybean futures fell to a two-week low on Thursday on pressure from the expanding U.S. harvest and technical selling a day ahead of key U.S. government crop reports, analysts said.
* Oil prices slipped on Thursday, further backing off from 2015 peaks hit earlier in the week as tension around northern Iraq following the Kurdistan region's vote in favor of independence spurred fresh supply concerns.
MARKET NEWS
* Asian shares tried to regain some poise on Friday after a tough week in which the gathering risk of a U.S. rate rise lifted Treasury yields toward nine-year highs and boosted borrowing costs across the region.
RELATED
> EU 2017/18 soybean imports down 19 pct, palm oil imports stable
> Argentina seeks minimum biodiesel price rather than U.S. tariffs
> U.S. biofuel credit prices fall as EPA considers change
> China's top corn producer sets guidelines to boost processing
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Sept 1-30 palm oil export data on Sept 30.
> Cargo surveyor SGS releases Malaysia's Sept 1-30 palm oil export data on Sept 30.
Palm, soy and crude oil prices at 0109 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT7 0 +0.00 0 0 0
MY PALM OIL NOV7 0 +0.00 0 0 0
MY PALM OIL DEC7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5506 -14.00 5476 5542 192258
CHINA SOYOIL JAN8 6070 -14.00 6058 6112 163998
CBOT SOY OIL DEC7 32.85 +0.80 32.82 32.88 807
INDIA PALM OIL SEP7 547.90 +0.80 546.50 548.4 680
INDIA SOYOIL OCT7 666.8 -5.25 666.5 671.75 24120
NYMEX CRUDE NOV7 51.58 +0.02 51.52 51.65 4752
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 were lower on Thursday evening, tracking the weakness in rival edible oilseeds and recording a second straight day of losses.
* U.S. soybean futures fell to a two-week low on Thursday on pressure from the expanding U.S. harvest and technical selling a day ahead of key U.S. government crop reports, analysts said.
* Oil prices slipped on Thursday, further backing off from 2015 peaks hit earlier in the week as tension around northern Iraq following the Kurdistan region's vote in favor of independence spurred fresh supply concerns.
MARKET NEWS
* Asian shares tried to regain some poise on Friday after a tough week in which the gathering risk of a U.S. rate rise lifted Treasury yields toward nine-year highs and boosted borrowing costs across the region.
RELATED
> EU 2017/18 soybean imports down 19 pct, palm oil imports stable
> Argentina seeks minimum biodiesel price rather than U.S. tariffs
> U.S. biofuel credit prices fall as EPA considers change
> China's top corn producer sets guidelines to boost processing
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Sept 1-30 palm oil export data on Sept 30.
> Cargo surveyor SGS releases Malaysia's Sept 1-30 palm oil export data on Sept 30.
Palm, soy and crude oil prices at 0109 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT7 0 +0.00 0 0 0
MY PALM OIL NOV7 0 +0.00 0 0 0
MY PALM OIL DEC7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5506 -14.00 5476 5542 192258
CHINA SOYOIL JAN8 6070 -14.00 6058 6112 163998
CBOT SOY OIL DEC7 32.85 +0.80 32.82 32.88 807
INDIA PALM OIL SEP7 547.90 +0.80 546.50 548.4 680
INDIA SOYOIL OCT7 666.8 -5.25 666.5 671.75 24120
NYMEX CRUDE NOV7 51.58 +0.02 51.52 51.65 4752
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