VEGOILS-Market factors to watch January 17
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures fell as much as 2 percent in Tuesday evening trade, touching their
lowest in more than two weeks, as a stronger ringgit and concerns over a European Union vote to
curb palm oil imports dented sentiment.
* U.S. wheat futures fell to a one-month low on Tuesday, pressured by ample global grain
supplies and a government forecast on Friday that said U.S. farmers planted more winter wheat
this season than had been expected.
* Oil prices dropped off three-year highs on Tuesday as traders booked profits but healthy
demand underpinned prices near $70 per barrel, a level not seen since the market slump in 2014.
MARKET NEWS
* World stock markets slipped on Tuesday, giving back early gains as Wall Street pulled back
from initial highs after a decline in oil and metals dragged energy and materials stocks lower.
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> Thailand eliminates domestic sugar price controls to settle Brazil's WTO challenge
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Jan 1-20 palm oil export data on Jan 20.
> Cargo surveyor SGS releases Malaysia's Jan 1-20 palm oil export data on Jan 20.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal
users can double click on or type.
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and
Rotterdam, please key in 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 0050 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB8 0 +0.00 0 0 0
MY PALM OIL MAR8 0 +0.00 0 0 0
MY PALM OIL APR8 0 +0.00 0 0 0
CHINA PALM OLEIN MAY8 5228 -8.00 5210 5240 95516
CHINA SOYOIL MAY8 5748 +10.00 5716 5764 120306
CBOT SOY OIL MAR8 32.79 +0.00 0 0 0
INDIA PALM OIL JAN8 557.50 -2.70 555.40 558.7 908
INDIA SOYOIL JAN8 743 -1.05 740.7 747.5 3350
NYMEX CRUDE FEB8 63.92 +0.19 63.82 63.94 2816
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 --
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)