VEGOILS-Market factors to watch August 30
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures slipped on Wednesday evening on the back of bearish
price and production outlooks, especially in top producer Indonesia.
* U.S. wheat futures rose 3.5 percent on Wednesday on technical buying and
rumors that Russia might curb wheat exports, traders said.
* Oil prices rose more than 1 percent on Wednesday, with Brent at its highest
in seven weeks and U.S. crude touching a three-week peak, supported by a
drawdown in U.S. crude and gasoline stocks and reduced Iranian crude shipments
as U.S. sanctions deter buyers.
MARKET NEWS
* A major global stock index jumped to a 5-1/2-month high on Wednesday as
optimism on the potential for U.S. trade deals cleared the path for technology
stocks to resume their leadership mantle.
RELATED
> Chinese soy buyers leave U.S. exporters show empty handed
> South African farmers play chicken with Trump tariffs
> China says can't rule out new African swine fever outbreaks
> Wheat jumps as Russian grain traders prepare for AgMin meeting
> Cameroon cocoa exporters, farmers flee crisis in Anglophone region
DATA/EVENTS
> Cargo surveyor AmSpec releases Malaysia's Aug 1-25 palm oil export data on Aug
31.
> Cargo surveyor SGS releases Malaysia's Aug 1-25 palm oil export data on Aug
31.
* 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 0036 GMT
Contract Month Last Change Low High Volume
MY PALM OIL SEP8 0 +0.00 0 0 0
MY PALM OIL OCT8 0 +0.00 0 0 0
MY PALM OIL NOV8 0 +0.00 0 0 0
INDIA PALM OIL AUG8 592.50 -1.00 591.60 594.3 708
INDIA SOYOIL SEP8 727.95 -2.75 725.3 730.9 12800
NYMEX CRUDE OCT8 69.63 +0.12 69.62 69.77 5165
Palm oil prices in Malaysian ringgit 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)
