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VEGOILS-Market factors to watch Dec 7

CommoditiesDec 07, 2018 06:40
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VEGOILS-Market factors to watch Dec 7

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

FUNDAMENTALS

* Malaysian palm oil futures recovered from a one-week low hit earlier on Thursday as traders forecast slowing output amid some short-covering. POI/

* U.S. soybean futures fell for the first time in five sessions on Thursday as the arrest of a senior executive at China's Huawei Technologies Co Ltd HWT.UL stoked concerns about a U.S.-China trade truce that has yet to produce a resumption of U.S. soybean sales to China. GRA/

* U.S. oil prices stabilised on Friday, buoyed by a fall in U.S. crude oil inventories, but sentiment remained weak as producer group OPEC postponed a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia. O/R

MARKET NEWS

* Asian share markets tried to find their footing on Friday as speculation the Federal Reserve might be "one-and-done" with U.S. rate hikes helped salve some wounds after a punishing week. MKTS/GLOB

RELATED > Argentina soybean exports may hit record high next year-exchange > Egypt's GASC buys 350,000 tonnes of wheat - trade > Noble Group's $3.5 bln restructuring at risk as authorities block new listing > OPEC tentatively agrees oil cut, waits for Russia to commit > Malaysian uncertainties complicate Aussie miner Lynas' growth plans > 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 0105 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

4204 -12.00

4194

4224

27912 CHINA SOYOIL

JAN9

5316 -48.00

5296

5370

76666 CBOT SOY OIL

DEC8

28.47

+0.00

0

0

0 INDIA PALM OIL

DEC8

493.00

-0.30

488.00

496.2

1640 INDIA SOYOIL

DEC8

738.5

-1.15

735.5

739.9

13530 NYMEX CRUDE

JAN9

51.56

+0.07

51.47

51.77

7677

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 7
 

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