VEGOILS-Market factors to watch Nov 22
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures ended Wednesday's trade higher as a recovery in
crude oil prices buoyed sentiment.
* U.S. soybean futures turned higher on Wednesday on optimism that Washington
and Beijing will make progress at the upcoming G20 leaders summit toward
resolving the trade dispute that has disrupted American exports of the oilseed.
* Oil markets started Thursday timidly, with rising U.S. crude inventories
pressuring prices but an expected supply cut by producer cartel OPEC offering
some support.
MARKET NEWS
* Asian shares stepped ahead cautiously on Thursday while oil rebounded from a
steep sell-off, though rising U.S. interest rates and escalating trade tensions
kept financial markets on edge amid signs of slackening global growth.
RELATED
> U.S. soybean futures rise on hopes of US-China trade deal at G20
> Paris wheat steady before U.S. break, imports the focus in Germany
> Deere Says U.S. Farmer And Dealer Sentiment Remains Cautiously Optimistic
> EU rapeseed sowings disrupted by drought, more imports possible
DATA/EVENTS
> Cargo surveyor AmSpec releases Malaysia's Nov 1-25 palm oil export data on Nov
26.
> Cargo surveyor SGS releases Malaysia's Nov 1-25 palm oil export data on Nov
26.
Palm, soy and crude oil prices at 0057 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 4174 +0.00 4166 4202 91246
CHINA SOYOIL JAN9 5392 -12.00 5386 5434 83390
CBOT SOY OIL DEC8 27.8 +0.00 0 0 0
INDIA PALM OIL NOV8 506.50 +8.30 497.00 508.7 1476
INDIA SOYOIL DEC8 728.5 +6.40 720.15 729.5 14210
NYMEX CRUDE JAN9 54.69 +0.06 54.59 54.76 3166
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,
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
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* Reuters Terminal users can see cash and futures edible oil prices by
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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)