VEGOILS-Market factors to watch September 24
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures charted a fifth consecutive day of losses on Friday
evening, ending the day near three-year lows, weighed down by concerns that
output would rise.
* U.S. corn futures climbed more than 1 percent on Friday to their highest in
more than a week, buoyed by end-user demand and fund short-covering, analysts
said.
* Oil prices rose on Monday as U.S. markets tightened just weeks ahead of
Washington's plan to impose new sanctions against Iran.
MARKET NEWS
* The safe haven yen gained on Monday in holiday-thinned trading as China
cancelled upcoming tariff talks with the United States, ratcheting up tensions
while oil prices jumped after top producers including Russia ruled out boosting
crude output.
RELATED
> For bold Chinese buyers of soybeans, bargain U.S. prices trump trade
war
> LNG shipping rates spike with no respite seen through 2019
> EXCLUSIVE, UPDATE 2-OPEC and allies consider oil output boost as Iranian
supply falls -source
> Going long: Chinese steel mills chase iron ore contracts with Brazil's Vale
> Rusal seeks China trading team as US sanctions threaten sales
-sources
DATA/EVENTS
> Cargo surveyor AmSpec releases Malaysia's Sept 1-25 palm oil export data on
Sept 25.
> Cargo surveyor SGS releases Malaysia's Sept 1-25 palm oil export data on Sept
25.
* 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 0056 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT8 0 +0.00 0 0 0
MY PALM OIL NOV8 0 +0.00 0 0 0
MY PALM OIL DEC8 0 +0.00 0 0 0
CHINA PALM OLEIN JAN9 0 +0.00 0 0 0
CHINA SOYOIL JAN9 0 +0.00 0 0 0
CBOT SOY OIL OCT8 28.03 -0.06 28 28.1 208
INDIA PALM OIL SEP8 588.30 +1.60 584.50 591 1282
INDIA SOYOIL OCT8 733.5 +4.05 729.9 734.7 16960
NYMEX CRUDE NOV8 71.52 +0.74 71.14 71.66 17098
Palm oil prices in Malaysian ringgit 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)
