VEGOILS-Market factors to watch July 25
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Friday, after climbing to a two-week high in the prior
session, although expectations of strong demand for the vegetable oil kept a floor under prices.
* U.S. soybean futures fell 2.3 percent to a three-month low on Friday as the weather forecast
for August reinforced expectations that the crop developing in the U.S. Midwest would blossom
into a bumper harvest.
* Crude prices inched down on Monday in Asia, staying not far from two-month lows hit in the
previous session, amid worries over a global oil glut.
MARKET NEWS
* U.S. stock prices rose on Friday, marking four straight weeks of gains, while sterling dropped
on bleak data that raised fears about a possible British recession following the country's June
23 vote to leave the European Union.
RELATED
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> EXCLUSIVE-Libya oil exports threatened as NOC warns against port deal
> EXCLUSIVE-De Beers puts Canadian Snap Lake diamond mine up for sale
> Singapore floating storage, Bukom restart offset lower fuel oil arbitrage volumes
* 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 0055 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 4908 -118.00 4886 4962 234044
CHINA SOYOIL JAN7 6116 -128.00 6084 6190 236494
CBOT SOY OIL DEC6 30.77 -2.80 30.65 30.88 1374
INDIA PALM OIL JUL6 521.00 -2.80 520.10 524.8 883
INDIA SOYOIL AUG6 634.2 -11.65 633.2 645.6 71280
NYMEX CRUDE SEP6 44.30 +0.11 44.03 44.37 7474
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)
