VEGOILS-Market factors to watch May 30
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures fell at closing trade on Friday evening, weighed down by a stronger
ringgit which triggered some selling, but recorded its first weekly gain in three on
expectations of lower-than-expected output and steady Ramadan demand.
* Chicago Board of Trade corn futures rose about 1 percent on Friday to the highest level in 10
months on strong export demand and short-covering ahead of a long U.S. holiday weekend, traders
said.
* Oil prices dipped for a second day in a row on Friday as some investors took profit on a surge
to seven-month highs while others worried about higher production with the market hovering near
$50 a barrel.
MARKET NEWS
* The U.S. dollar index hit a two-month high and U.S. bond prices fell on Friday after Federal
Reserve Chair Janet Yellen said a U.S. interest rate hike will likely be appropriate in the
coming months.
RELATED
> LIVESTOCK-U.S. cattle gain on technicals, grilling demand
> GRAINS-Corn sets 10-month high on export demand, technical buying
> European vegoils-Palm oil eases on technical selling in futures
> GRAINS-Soy set for longest run of weekly gains in 7 years
> Argentine soy harvest going well due to dry weather -Grain Exchange
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's May 1-30 palm oil export data on May 30.
> Cargo surveyor SGS releases Malaysia's May 1-30 palm oil export data on May 30.
* 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 0020 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
MY PALM OIL AUG6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5226 +38.00 5192 5240 208968
CHINA SOYOIL SEP6 5928 +44.00 5862 5942 214714
CBOT SOY OIL JUL6 31.48 +2.90 0 0 0
INDIA PALM OIL MAY6 535.70 +2.90 532.10 536.1 773
INDIA SOYOIL JUN6 649.2 +8.45 640.4 650 68900
NYMEX CRUDE JUL6 49.50 +0.17 49.49 49.72 4580
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 Joseph Sipalan)
