VEGOILS-Market factors to watch July 20
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures edged down after hitting a one week-high in early
trade on Thursday, undergoing a technical correction after strong gains in the
previous session and on sluggish demand.
* U.S. grain futures rose on Thursday on strong demand for corn and worries that
harvests may be smaller than expected due to unfavorable global weather.
* Global benchmark Brent crude dipped on Thursday as concerns about mounting
supply returned after a brief rally earlier in the session on comments that
Saudi Arabia's exports would fall in August.
MARKET NEWS
* The U.S. dollar pulled back from year-high levels on Thursday after U.S.
President Donald Trump expressed concern about a strong currency, while
disappointing earnings reports and escalating trade tensions weighed on stocks.
RELATED
> France to the rescue as drought hits EU barley crop
> World sugar exporters ask India, Pakistan, EU to cut subsidies
> Russian steelmakers play down impact of EU's import curbs
> Saudi oil exports to drop by about 100,000bpd in Aug- OPEC governor
> Saudi Aramco in talks to buy stake in world's no. 4 chemical firm
DATA/EVENTS
> Cargo surveyor AmSpec releases Malaysia's July 1-20 palm oil export data on
July 20.
> Cargo surveyor SGS releases Malaysia's July 1-20 palm oil export data on July
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 0041 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG8 0 +0.00 0 0 0
MY PALM OIL SEP8 0 +0.00 0 0 0
MY PALM OIL OCT8 0 +0.00 0 0 0
CHINA PALM OLEIN SEP8 4674 +0.00 4666 4694 56732
CHINA SOYOIL SEP8 5508 +4.00 5502 5520 40308
CBOT SOY OIL DEC8 28.25 -2.60 28.21 28.29 425
INDIA PALM OIL JUL8 616.70 -2.60 614.80 618.8 908
INDIA SOYOIL JUL8 745.2 -0.80 744.05 745.5 960
NYMEX CRUDE AUG8 69.98 +0.52 69.39 69.98 39
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)