VEGOILS-Market factors to watch Dec 11
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures reversed earlier losses to close over 2 percent
higher on Monday, as official data showed falling output for the first time in
five months.
* U.S. soy and wheat futures fell on Monday on positioning ahead of a monthly
U.S. Department of Agriculture crop supply/demand report and uncertainty about
the ongoing U.S.-China trade dispute, traders said.
* Oil prices remained on shaky ground on Tuesday after sliding by 3 percent the
previous day, pressured by weakness in global stock markets and doubts that
planned supply cuts led by producer club OPEC will be enough to rein in
oversupply.
MARKET NEWS
* The pound hovered near 20-month lows on Tuesday, as political turmoil deepened
in Britain with a key vote on Brexit being delayed while U.S. shares staged a
late rebound in a positive signal for Asian markets.
RELATED
> COLUMN-Funds pounce on CBOT corn, soy in wake of U.S.-China talks -Braun
> Bunge CEO Schroder to step down amid investor pressure
> Brazil 2018 soybean exports seen at record 82.7 mln T -Abiove
> Louis Dreyfus, Olam big gainers in Brazil's soy export boom -data
DATA/EVENTS
> Cargo surveyor AmSpec releases Malaysia's Dec 1-15 palm oil export data on Dec
15.
> Cargo surveyor SGS releases Malaysia's Dec 1-15 palm oil export data on Dec
15.
Palm, soy and crude oil prices at 0044 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC8 0 +0.00 0 0 0
MY PALM OIL JAN9 0 +0.00 0 0 0
MY PALM OIL FEB9 0 +0.00 0 0 0
CHINA PALM OLEIN JAN9 4146 -2.00 4120 4172 36492
CHINA SOYOIL JAN9 5152 -56.00 5126 5194 57036
CBOT SOY OIL DEC8 28.52 +0.00 0 0 0
INDIA PALM OIL DEC8 502.80 +10.30 489.50 504.7 1844
INDIA SOYOIL DEC8 745 +6.60 735.5 745 10580
NYMEX CRUDE JAN9 50.99 -0.01 50.89 51.06 5339
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,
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Vegetable oils --
Malaysian palm oil exports --
CBOT soyoil futures --
CBOT soybean futures --
Indian solvent --
Weekly Indian vegetable oils --
Dalian Commodity Exchange --
Dalian soyoil futures --
Dalian refined palm oil futures --
Zhengzhou rapeseed oil --
European edible oil prices/trades --
(Reporting by KL newsroom)