VEGOILS-Market factors to watch December 26
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil edged up on Friday evening for its first gain in four sessions on the back
of falling production outlook, after earlier hitting its lowest level since August last year on
rising global vegetable oil supplies and weak demand.
* U.S. soybean futures edged higher on Friday for the first time in seven sessions in a
short-covering bounce, but remained near three-month lows as forecast rain in Argentina eased
concern about a potential supply risk.
* Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on
pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts
would be gradual.
MARKET NEWS
* Major global stock indexes slipped on Friday in light pre-holiday trade, exacerbated by
weakness in several blue-chip companies' shares, while Spanish bond yields rose after
separatists won a Catalan election.
RELATED
> Indonesia Nov palm oil exports likely fell on weak global demand -Reuters survey
> U.S. trade groups release harvest quality reports for soy, corn
> Forecast rains bolster Brazil soy crop prospects -AgRural
> Exporters sell U.S. soybeans to China- USDA
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-25 palm oil export data on Dec 26.
> Cargo surveyor SGS releases Malaysia's Dec 1-25 palm oil export data on Dec 26.
* 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 0111 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN8 0 +0.00 0 0 0
MY PALM OIL FEB8 0 +0.00 0 0 0
MY PALM OIL MAR8 0 +0.00 0 0 0
CHINA PALM OLEIN MAY8 5176 +14.00 5160 5190 67480
CHINA SOYOIL MAY8 5662 +14.00 5652 5680 70544
CBOT SOY OIL MAR8 32.94 +0.70 0 0 0
INDIA PALM OIL DEC7 549.50 +0.70 543.70 550.5 772
INDIA SOYOIL JAN8 718.3 +1.75 712.5 719.8 27330
NYMEX CRUDE FEB8 58.51 +0.04 58.37 58.65 7776
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)
