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VEGOILS-Market factors to watch January 3

CommoditiesJan 03, 2018 06:40
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VEGOILS-Market factors to watch January 3

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

FUNDAMENTALS

* Malaysian palm oil futures rose more than 1 percent on Tuesday evening, tracking related edible oils and supported by improving export demand. POI/

* U.S. wheat futures rallied 1.7 percent to their highest in nearly four weeks on Tuesday on concerns about sub-zero temperatures damaging the dormant crop in crucial growing areas of the United States, traders said. GRA/

* Oil prices hit mid-2015 highs in early trading on Tuesday but dipped to settle slightly lower as major pipelines in Libya and the UK restarted and U.S production soared to the highest level in more than four decades. O/R

MARKET NEWS

* Asian stocks struck a fresh decade high on Wednesday as risk appetites were whetted by a bevy of upbeat manufacturing surveys that confirmed a synchronised upturn in world growth was well under way. MKTS/GLOB

RELATED > Drought deepens in Argentine soy province of Buenos Aires > India extends crop fumigation exemption until end-June > Glencore (LON:GLEN) sells Australian coal mine to Gupta's GFG Alliance > BP (LON:BP) sets $1.5 bln charge for U.S tax changes but sees long-term boost > Iran's oil production, exports not impacted by protests -sources > Cargo surveyor ITS 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.

* 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 0102 GMT Contract

Month

Last

Change

Low

High

Volume MY PALM OIL

JAN8

0

+0.00

0

0

0 MY PALM OIL

FEB8

0

+0.00

0

0

0 MY PALM OIL

MAR8

0

+0.00

0

0

0 CHINA PALM OLEIN

MAY8

5324

+28.00

5310

5338

83348 CHINA SOYOIL

MAY8

5780

+14.00

5766

5792

101898 CBOT SOY OIL

MAR8

33.56

+0.00

33.53

33.58

398 INDIA PALM OIL

JAN8

558.60

-0.40

558.00

562.9

1126 INDIA SOYOIL

JAN8

726.9

-0.40

726.7

730.5

17750 NYMEX CRUDE

FEB8

60.41

+0.04

60.37

60.47

4641

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 January 3
 

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