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VEGOILS-Market factors to watch Jan 9

CommoditiesJan 09, 2019 06:30
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VEGOILS-Market factors to watch Jan 9

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

FUNDAMENTALS

* Malaysian palm oil futures rose nearly 2 percent on Tuesday, hitting their highest in nearly three weeks, as production rose more slowly than expected. POI/

* U.S. soybean futures declined for the first time in five sessions on Tuesday in a profit-taking and technical setback after notching 3-1/2-week highs a day earlier. GRA/

* U.S. crude oil prices on Wednesday rose above $50 per barrel for the first time in 2019 on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. O/R

MARKET NEWS

* An index of world stock markets rose for the third straight session on Tuesday, with investors hopeful that the United States and China would strike a deal to end their months-long trade war that has hurt financial markets. MKTS/GLOB

RELATED > China gives long-awaited GM crop approvals amid U.S. trade talks > Monsanto (NYSE:MON) patent victory seen as a boost for biotech investment in India > EXCLUSIVE-Top suspect in Vitol, Glencore (LON:GLEN) Brazil bribery case arrested in U.S. -court > COLUMN-Commodity markets back Beijing's stimulus, await trade talks: Russell > BP (LON:BP) unlocks a billion oil barrels in Gulf of Mexico with new technology > 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 0053 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

4260

-12.00

4260

4266

172 CHINA SOYOIL

JAN9

5060

-2.00

5060

5160

1916 CBOT SOY OIL

JAN9

28.18

+0.00

0

0

0 INDIA PALM OIL

JAN9

532.60

-2.20

528.90

540

1322 INDIA SOYOIL

JAN9

754

+3.85

750.45

760

17250 NYMEX CRUDE

FEB9

50.26

+0.48

49.71

50.34

12590

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 9
 

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