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VEGOILS-Market factors to watch Jan 10

CommoditiesJan 10, 2019 06:50
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VEGOILS-Market factors to watch Jan 10

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

FUNDAMENTALS

* Malaysian palm oil futures rose to an over two-month high on Wednesday evening, charting a second straight day of gains, as traders forecast declining production in the coming months and improving export data. POI/

* U.S. soybean futures rebounded on Wednesday, posting gains for the fifth session in six on hopes that China will accelerate its purchases of U.S. agricultural products following three days of trade talks with the United States this week. GRA/

* Oil prices dipped on Thursday on swelling U.S. supply, although the mood in global markets was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth. O/R

MARKET NEWS

* Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war and its possible impact on global growth. MKTS/GLOB

RELATED > Brazil soy crop view cut to 116.9 mln tonnes amid dry spell -AgRural > EU trade chief says U.S. talks will not include agriculture > COLUMN-Is China really on the brink of ramping up U.S. ag purchases? -Braun > China's approval of DowDuPont soy poses challenge to Bayer (DE:BAYGN) > Morgan Stanley (NYSE:MS) cuts 2019 oil price view on high supplies, slowing China imports > Cargo surveyor AmSpec releases Malaysia's Jan 1-10 palm oil export data on Jan 10. > Cargo surveyor SGS releases Malaysia's Jan 1-10 palm oil export data on Jan 10. > Cargo surveyor ITS releases Malaysia's Jan 1-10 palm oil export data on Jan 10. > Industry regulator the Malaysian Palm Oil Board releases Malaysia's December palm oil data on Jan 10.

Palm, soy and crude oil prices at 0112 GMT Contract

Month

Last

Change

Low

High

Volume MY PALM OIL

JAN9

0

+0.00

0

0

0 MY PALM OIL

FEB9

0

+0.00

0

0

0 MY PALM OIL

MAR9

0

+0.00

0

0

0 CHINA PALM OLEIN

JAN9

4390

+98.00

4348

4390

946 CHINA SOYOIL

JAN9

0

+0.00

0

0

0 CBOT SOY OIL

JAN9

28.32

+0.00

0

0

0 INDIA PALM OIL

JAN9

540.90

+8.20 532.60

541.4

1237 INDIA SOYOIL

JAN9

760.2

+5.90

754.5

761.4

7980 NYMEX CRUDE

FEB9

51.84

-0.52

51.82

52.21

12411

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 Jan 10
 

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