VEGOILS-Market factors to watch August 7
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures recovered from their lowest in 1-1/2 weeks on Friday to trade
slightly higher in the evening, underpinned by an improving export demand.
* Chicago Board of Trade soybean futures fell on Friday, pressured by outlooks for rain and cool
weather in key U.S. growing areas that will foster development of the crop during critical
periods, traders said.
* Oil prices rose on Friday after a strong U.S. jobs report bolstered hopes for growing energy
demand, but crude prices declined for the week, pressured by rising OPEC exports and strong U.S.
output.
MARKET NEWS
* The U.S. dollar and bond yields climbed while stocks on Wall St rose modestly on Friday,
following a stronger-than-expected U.S. jobs report, which also showed a pick up in wage growth
for the world's largest economy.
RELATED
> Strong Black Sea wheat exports seen as weather boosts crop
> "Lucifer" heat wave holds Italy, eastern Europe in fiery grip
> Indonesia, Russia sign MoU to trade palm, coffee for Sukhoi jets
> Indonesian military officer orders that forest burners be shot
> Aldi stops selling eggs in Germany over food safety scare
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia’s July 1-31 palm oil export data on August 10.
> Cargo surveyor SGS releases Malaysia’s July 1-31 palm oil export data on August 10.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal
users can double click on or type.
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and
Rotterdam, please key in and press enter, or double click between the brackets.
* Reuters Terminal users can see cash and futures edible oil prices by double clicking on
the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit
F11.
Palm, soy and crude oil prices at 0035 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG7 0 +0.00 0 0 0
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5350 +18.00 5338 5370 136406
CHINA SOYOIL JAN8 6176 +16.00 6162 6192 105926
CBOT SOY OIL DEC7 34.07 +3.70 33.87 34.08 1633
INDIA PALM OIL AUG7 481.60 +3.70 475.20 482.6 1275
INDIA SOYOIL AUG7 638.4 -0.90 637.7 640.6 15080
NYMEX CRUDE SEP7 49.62 +0.04 49.52 49.73 5895
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
Vegetable oils --
Malaysian palm oil exports --
CBOT soyoil futures --
CBOT soybean futures --
Indian solvent --
Weekly Indian vegetable oils --
Dalian Commodity Exchange --
Dalian soyoil futures --
Dalian refined palm oil futures --
Zhengzhou rapeseed oil --
European edible oil prices/trades --
(Reporting by KL newsroom)
