VEGOILS-Market factors to watch Nov 26
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose on Tuesday, pulling away from a near one-month
low as jitters about a projected increase in crude palm oil production in
November faded in the second half of the session.
* U.S. soybean futures reached their highest in more than a week on Tuesday,
buoyed by sluggish farmer sales and strong export demand for soymeal, traders
said.
* Oil tumbled 2 percent to near four-year lows on Tuesday in another volatile
session as a meeting of Saudi Arabia and three other nations ahead of an OPEC
summit ended with no deal to curb crude output.
MARKET NEWS
* Wall Street stocks closed mixed on Tuesday with early gains pared after the
lowest U.S. consumer confidence data since June took the wind out of a rally
spurred by upwardly revised U.S. economic growth, dragging down the U.S. dollar
in the process.
RELATED
> In wake of China rejections, GMO seed makers limit US launches
> South Korea's MFG buys 53,000 T soymeal from South America
> Malaysia's Nov 1-25 palm oil exports fall 2.9 pct -ITS
> Malaysia's Nov 1-25 palm oil exports fell 3.3 pct -SGS
> Vote tally too close, recount ordered on Oregon GMO labeling
> Brazil soy moratorium extended to protect Amazon forest
> Brazil farmers turn to grain storage bags amid record corn stocks
> Brazil's sugar output slows as early end to crush nears -Unica
> COLUMN-Speculators set to pare soy market exposure: Maguire
> Russian wheat prices down slightly on stronger rouble
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's November palm oil exports on Dec. 1.
Palm, soy and crude oil prices at 0023 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC4 0 +0.00 0 0 0
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 5338 +30.00 5330 5350 328268
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL JAN5 33.60 -4.30 0.00 0.00 0
INDIA PALM OIL NOV4 442.60 -4.30 442.00 445.50 246
NYMEX CRUDE JAN5 73.81 -0.28 73.74 73.92 1038
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
* 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.
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 --
