VEGOILS-Market factors to watch Sept 18
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose to a more-than-one-month high on Wednesday,
reversing intraday losses caused by a bout of technical correction, as hopes of
stronger exports provided support.
* Chicago Board of Trade soybeans and wheat firmed slightly on Wednesday as
bargain hunters stepped into the market to provide a boost to commodities that
were trending near four-year lows, traders said.
* Crude oil futures fell on Wednesday after a government report showed crude
stocks rose sharply in the United States last week and as a strong dollar
continued to create headwinds for dollar-denominated commodities.
MARKET NEWS
* Stock markets around the world closed with modest gains on Wednesday after
the U.S. Federal Reserve renewed a pledge to keep interest rates near zero for
some time, while bond yields rose and the dollar rallied on expectations of
higher rates down the road.
RELATED
> USDA chief says urged Buffett to ready BNSF for record crops
> South Korea's NOFI seeks corn, soymeal for Jan-March
> USDA grants approval to Dow's Enlist GMO corn and soybeans
> Ingredion bans new GMO corn at plant, mulls fate of second type
> Iowa farmland prices ease 3.4 pct over past 6 months - survey
> Canada says will fine CN Rail for failure to ship enough grain
> Low-priced feed likely curbed U.S. Aug cattle placements
> Delayed retreat of Indian monsoon rains to start this weekend
DATA/EVENTS
> Cargo surveyors Intertek Testing Services to release Sept. 1-20 palm oil
export data on Sept. 20. Cargo surveyor Societe Generale de Surveillance to
release data for same period on Sept. 22.
Palm, soy and crude oil prices at 0028 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT4 0 +0.00 0 0 0
MY PALM OIL NOV4 0 +0.00 0 0 0
MY PALM OIL DEC4 0 +0.00 0 0 0
CHINA PALM OLEIN JAN5 5272 +40.00 5250 5278 296748
CHINA SOYOIL JAN5 0 +0.00 0 0 0
CBOT SOY OIL DEC4 33.66 +7.80 33.60 33.75 1549
INDIA PALM OIL SEP4 462.50 +7.80 453.50 465.50 1381
INDIA SOYOIL SEP4 644.50 +5.40 637.50 647.00 5825
NYMEX CRUDE OCT4 94.01 -0.41 93.83 94.01 1309
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 --
