MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch October 10
VEGOILS-Market Factors to Watch October 10
10/10/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures traded higher on Monday evening to register their fifth session of gains, tracking strength in related edible oils and ahead of an official September data release this week.
* Chicago wheat futures fell to a near four-week low on Monday on plentiful global inventories and weak demand for U.S. supplies, analysts said.
* Oil prices were stable on Tuesday as OPEC said there were clear signs the market was rebalancing and as U.S. production remained offline following Hurricane Nate.
MARKET NEWS
* Asian shares gained on Tuesday, shrugging off modest losses on Wall Street while expectation of a U.S. interest rate increase this year continued to underpin the dollar.
RELATED
> Funds dump bullish soyoil bets, CBOT oilshare long plunges
> Indonesia's Aug palm oil exports up 24 pct
> Chief executive of Malaysia's Felda Global Ventures to resume duties
> Philadelphia-area refiners urge Trump to reform biofuels program
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.
> Cargo surveyor SGS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.
Palm, soy and crude oil prices at 0128 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 5558 -30.00 5540 5582 157584
CHINA SOYOIL JAN8 6096 -24.00 6084 6120 124574
CBOT SOY OIL DEC7 33.21 +4.20 33.17 33.25 1397
INDIA PALM OIL OCT7 541.40 +4.20 538.30 542 1145
INDIA SOYOIL OCT7 660.05 +2.45 657.5 662.8 6840
NYMEX CRUDE NOV7 49.70 +0.12 49.54 49.70 5119
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
* Malaysian palm oil futures traded higher on Monday evening to register their fifth session of gains, tracking strength in related edible oils and ahead of an official September data release this week.
* Chicago wheat futures fell to a near four-week low on Monday on plentiful global inventories and weak demand for U.S. supplies, analysts said.
* Oil prices were stable on Tuesday as OPEC said there were clear signs the market was rebalancing and as U.S. production remained offline following Hurricane Nate.
MARKET NEWS
* Asian shares gained on Tuesday, shrugging off modest losses on Wall Street while expectation of a U.S. interest rate increase this year continued to underpin the dollar.
RELATED
> Funds dump bullish soyoil bets, CBOT oilshare long plunges
> Indonesia's Aug palm oil exports up 24 pct
> Chief executive of Malaysia's Felda Global Ventures to resume duties
> Philadelphia-area refiners urge Trump to reform biofuels program
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.
> Cargo surveyor SGS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.
Palm, soy and crude oil prices at 0128 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 5558 -30.00 5540 5582 157584
CHINA SOYOIL JAN8 6096 -24.00 6084 6120 124574
CBOT SOY OIL DEC7 33.21 +4.20 33.17 33.25 1397
INDIA PALM OIL OCT7 541.40 +4.20 538.30 542 1145
INDIA SOYOIL OCT7 660.05 +2.45 657.5 662.8 6840
NYMEX CRUDE NOV7 49.70 +0.12 49.54 49.70 5119
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