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VEGOILS-Market factors to watch Dec 6

CommoditiesDec 06, 2018 06:40
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VEGOILS-Market factors to watch Dec 6

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures fell more than 1 percent on Wednesday due to expectations of rising inventories in Malaysia and a change in Indonesia's export levy rules. POI/

* U.S. soybean futures inched higher for a fourth straight session on Wednesday in light trading as investors sought clues as to whether a truce between Washington and Beijing in their trade dispute would revive U.S. soybean sales to China. GRA/

* Oil prices dipped on Wednesday ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply. O/R

MARKET NEWS

* U.S. stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States. MKTS/GLOB

RELATED > Bunge names Syngenta CEO to board under deal with activist investors > Traders say Egypt delays wheat payment guarantees, ministry dismisses criticism > Argentina clinches China soyoil export deal, soymeal talks fizzle > Financial investors cut long position in Euronext wheat > Brazil's agriculture GDP seen growing 2 pct in 2019 -CNA farm union > Cargo surveyor AmSpec releases Malaysia's Dec 1-10 palm oil export data on Dec 10. > Cargo surveyor SGS releases Malaysia's Dec 1-10 palm oil export data on Dec 10.

Palm, soy and crude oil prices at 0103 GMT Contract

Month

Last Change

Low

High Volume MY PALM OIL

DEC8

0 +0.00

0

0

0 MY PALM OIL

JAN9

0 +0.00

0

0

0 MY PALM OIL

FEB9

0 +0.00

0

0

0 CHINA PALM OLEIN JAN9

4222 +2.00

4216

4232

25456 CHINA SOYOIL

JAN9

5380 -8.00

5372

5394

29350 CBOT SOY OIL

DEC8

28.57 +0.00

0

0

0 INDIA PALM OIL

DEC8

493.30 +1.70 486.00

493.8

1003 INDIA SOYOIL

DEC8

739.8 +4.90 732.35

740

19080 NYMEX CRUDE

JAN9

52.71 -0.18

52.60

53.25

12894 Palm oil prices in Malaysian ringgit per tonne India soy oil in Indian rupee per 10 kg Crude in U.S. dollars per barrel

* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type MYPALM/FLAT .

* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 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.

Vegetable oils

-- OILS/ASIA1 Malaysian palm oil exports

-- SGSPALM1

CBOT soyoil futures

-- 0#BO:

CBOT soybean futures

-- 0#S:

Indian solvent

-- SOLVENT01 Weekly Indian vegetable oils

-- OILS/IN

Dalian Commodity Exchange

-- DC/MENU

Dalian soyoil futures

-- 0#DBY:

Dalian refined palm oil futures -- 0#DCP:

Zhengzhou rapeseed oil

-- 0#COI:

European edible oil prices/trades -- OILS/E

VEGOILS-Market factors to watch Dec 6
 

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