VEGOILS-Market factors to watch December 11
The following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell for a fifth consecutive day on Friday
evening, hitting a fresh five-month low as the market was weighed down by
concerns over high stockpiles in the country.
* U.S. wheat futures eased to contract lows on Friday, capping a week of five
straight days of declines that saw the market shed 4.6 percent of its value.
* Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig
count pointed to a further increase in American production, potentially
undermining efforts led by OPEC to tighten markets.
MARKET NEWS
* Wall Street and other major global stock markets posted solid gains on Friday
and the U.S. dollar rose for a fifth straight day after data showed robust U.S.
job growth.
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> Chinese beer-makers tap into Canadian barley after pint-sized Australia crop
> China soybeans imports surge in Nov as port backlog clears
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-10 palm oil export data on Dec
11.
> Cargo surveyor SGS releases Malaysia's Dec 1-10 palm oil export data on Dec
11.
* 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 0048 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC7 0 +0.00 0 0 0
MY PALM OIL JAN8 0 +0.00 0 0 0
MY PALM OIL FEB8 0 +0.00 0 0 0
CHINA PALM OLEIN MAY8 5320 -8.00 5308 5336 89848
CHINA SOYOIL MAY8 5848 -34.00 5834 5884 138902
CBOT SOY OIL JAN8 33.62 -7.10 0 0 0
INDIA PALM OIL DEC7 561.30 -7.10 560.10 572.3 1041
INDIA SOYOIL DEC7 712.05 -3.10 711.15 716.9 11570
NYMEX CRUDE JAN8 57.08 -0.28 57.02 57.27 7355
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)
