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VEGOILS-Market factors to watch December 8

CommoditiesDec 08, 2017 06:30
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VEGOILS-Market factors to watch December 8

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

FUNDAMENTALS

* Malaysian palm oil futures extended falls into a fourth session on Thursday, hitting their lowest in nearly five months in the evening, tracking weakness in related edible oils. POI/

* Chicago Board of Trade wheat futures slid to contract lows on Thursday, their fourth straight day of declines, on continued pressure from a Canadian report that showed harvest in that country was bigger than expected. GRA/

* Oil prices climbed more than 1 percent on Thursday due to a threatened strike in Nigeria and as traders cover shorts after sharp losses the previous day brought on by an unexpectedly large rise in U.S. stocks of refined fuels. O/R

MARKET NEWS

* Asian shares rallied for a second session on Friday as investors awaited major economic data from China and the United States while marvelling at the meteoric ascent of the market's new crypto-star, bitcoin. MKTS/GLOB

RELATED > Tyson Foods raises stake in plant-based protein maker Beyond Meat > PREVIEW-U.S. soy export forecast seen holding despite slow start > Low water halts shipping on lower Ohio River -U.S. Army Corps > France exported 951,000 T wheat in October, lowest in 2017/18 > World food prices edge down in November - UN FAO > Cargo surveyor ITS releases Malaysia's Dec 1-10 palm oil export data on Dec 11. > Cargo surveyor SGS releases Malaysia's Dec 1-10 palm oil export data on Dec 11.

* 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.

Palm, soy and crude oil prices at 0051 GMT Contract

Month

Last

Change

Low

High

Volume MY PALM OIL

DEC7

0

+0.00

0

0

0 MY PALM OIL

JAN8

0

+0.00

0

0

0 MY PALM OIL

FEB8

0

+0.00

0

0

0 CHINA PALM OLEIN

MAY8

5312

-24.00

5294

5324

86958 CHINA SOYOIL

MAY8

5868

-56.00

5860

5892

107106 CBOT SOY OIL

JAN8

33.33

-5.80

0

0

0 INDIA PALM OIL

DEC7

568.50

-5.80

567.00

574.9

1998 INDIA SOYOIL

DEC7

716

-5.65

713.85

722.8

10850 NYMEX CRUDE

JAN8

56.60

-0.09

56.56

56.65

2645 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

-- 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 December 8
 

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