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VEGOILS-Market factors to watch October 24

CommoditiesOct 24, 2017 06:10
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VEGOILS-Market factors to watch October 24

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

FUNDAMENTALS

* Malaysian palm oil futures climbed 1.7 percent on Monday, tracking gains in soybean oil and other edible oil contracts on the Dalian Commodity Exchange. POI/

* Chicago Board of Trade corn and wheat futures firmed on Monday on a round of short-covering after U.S. regulatory data released late on Friday showed that speculators had boosted their bearish bet on both commodities. GRA/

* Oil prices were little changed on Monday as supply disruptions in Iraq dented exports by OPEC's second-largest producer and U.S. drilling rates showed a slowdown. O/R

MARKET NEWS

* U.S. stocks closed lower on Monday after starting the day at record highs, weighed down by the tech and industrial sectors, while U.S. Treasury prices inched higher in thin volume. MKTS/GLOB

RELATED > U.S. sets antidumping duties on Argentine, Indonesian biodiesel > Pentagon seeks to address criticism of fatal Niger operation > COLUMN-Funds favor CBOT soy over corn to largest degree in 13 months -Braun > Wet north EU faces more sowing delays after rapeseed - crop monitor > China soy prices hit 18-month low amid talk Beijing may curb state buying > 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 0037 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

5690

+64.00

5654

5692

180718 CHINA SOYOIL

JAN8

6078

+18.00

6054

6088

124136 CBOT SOY OIL

DEC7

34.6

-1.60

34.48

34.65

1929 INDIA PALM OIL

OCT7

541.50

-1.60

540.10

544.8

1235 INDIA SOYOIL

NOV7

673.9

+2.00

672.8

676

20160 NYMEX CRUDE

DEC7

51.92

+0.02

51.87

51.96

2333 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 24
 

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