Breaking News
0

VEGOILS-Market factors to watch Jan 11

CommoditiesJan 11, 2019 06:30
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
VEGOILS-Market factors to watch Jan 11

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

FUNDAMENTALS

* Malaysian palm oil futures declined at their sharpest daily rate in two weeks by the end of trade on Thursday, snapping two sessions of gains, on bearish official data on December inventories, production and exports. POI/

* U.S. soybean futures dropped nearly 2 percent on Thursday, the steepest slide since Nov. 26, reversing a week of gains due to a lack new purchases by China following trade talks with the United States. GRA/

* Crude prices edged higher on Thursday, supported by comments from the U.S. Federal Reserve chairman that lifted equity markets, but a more than week-long oil rally slowed as optimism surrounding U.S.-China trade talks faded. O/R

MARKET NEWS

* An index of world stock markets rose on Thursday as worries over the lack of clear signs of a resolution to the U.S.-China trade spat were offset by an assurance by Federal Reserve Chairman Jerome Powell that the U.S. central bank has the ability to be patient on monetary policy. MKTS/GLOB

RELATED > Brazil 2018/19 soybean crop forecast cut by 5.2 mln T - Agroconsult > U.S. forecaster sees 65 pct chance of El Niño in spring > Norway cuts oil output forecast for 2019 to 30-year low > COLUMN-Asian refiners lose in crude tug-of-war between OPEC+ and Trump: Russell > EXCLUSIVE-Glencore loses exclusive rights to major Libyan oil grades > Cargo surveyor AmSpec releases Malaysia's Jan 1-15 palm oil export data on Jan 15. > Cargo surveyor SGS releases Malaysia's Jan 1-15 palm oil export data on Jan 15. > Cargo surveyor ITS releases Malaysia's Jan 1-15 palm oil export data on Jan 15. > Industry regulator the Malaysian Palm Oil Board releases Malaysia's December palm oil data on Jan 15.

Palm, soy and crude oil prices at 0059 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

0

+0.00

0

0

0 CHINA SOYOIL

JAN9

5200 +100.00

5148

5200

296 CBOT SOY OIL

JAN9

27.94

+0.00

0

0

0 INDIA PALM OIL

JAN9

540.60

+0.20 536.50

543.9

1101 INDIA SOYOIL

JAN9

761

+0.75

756.5 763.95

9520 NYMEX CRUDE

FEB9

52.28

-0.31

52.21

52.39

6352

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 11
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email