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VEGOILS-Market factors to watch October 23

CommoditiesOct 23, 2017 06:30
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VEGOILS-Market factors to watch October 23

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

FUNDAMENTALS

* Malaysian palm oil futures edged higher on Friday after two straight sessions of declines, tracking overnight gains in overseas markets and on cargo surveyor data showing strong exports. POI/

* U.S. corn futures neared contract lows on Friday and soybeans fell to the lowest levels in a week, pressured by active harvest progress in the heart of the Midwest crop belt, analysts said. GRA/

* Oil prices were up slightly on Friday in see-saw trade, ending the week up on support from a sharp decline in Iraqi crude exports due to tensions in the Kurdistan region after contending with weak demand data. O/R

MARKET NEWS

* Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe's ruling bloc gave a green light for more super-easy policy stimulus, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the region. MKTS/GLOB

RELATED > Russia says to speed up partial resumption of Turkish tomato imports > APRIL halts Indonesia paper unit ops as forestry permit revoked > Kremlin says Putin, Erdogan discuss Syria in phone call > Monsanto (NYSE:MON) sues Arkansas over proposed herbicide limits > U.S. Sept cattle placements surge 'good news' for beef lovers > Cargo surveyor ITS releases Malaysia's Oct 1-25 palm oil export data on Oct 25. > Cargo surveyor SGS releases Malaysia's Oct 1-25 palm oil export data on Oct 25.

* 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

NOV7

0

+0.00

0

0

0 MY PALM OIL

DEC7

0

+0.00

0

0

0 MY PALM OIL

JAN8

0

+0.00

0

0

0 CHINA PALM OLEIN

JAN8

5608

+62.00

5586

5660

194296 CHINA SOYOIL

JAN8

6050

+36.00

6036

6090

171318 CBOT SOY OIL

DEC7

34.1

+7.30

34.04

34.18

900 INDIA PALM OIL

OCT7

543.00

+7.30

535.30

545

676 INDIA SOYOIL

NOV7

671.85

+1.10

669.5

672.5

5690 NYMEX CRUDE

DEC7

52.03

+0.19

52.01

52.24

8698 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 October 23
 

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