VEGOILS-Market factors to watch November 29
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures charted a second consecutive day of losses on Tuesday evening
despite seeing gains earlier in the day, as a stronger ringgit, which makes the tropical oil
more expensive for foreign buyers and aids demand, weighed on prices.
* U.S. December corn futures fell to a life-of-contract low on Tuesday on technical selling and
ample global supplies, traders said.
* Oil prices eased on Tuesday, weighed down by uncertainty over the outcome of an OPEC meeting
this week at which an extension to its price-supporting oil output cuts will be discussed.
MARKET NEWS
* Asian shares rose and the dollar held firm on Wednesday after Wall Street shot to record peaks
amid signs of progress on U.S. tax cuts, upbeat economic data and bank-friendly comments from
the would-be head of the Federal Reserve.
RELATED
> Goldman Sachs among bidders for Scotiabank's metals unit -sources
> Merkel scolds ally to shield coalition talks from weedkiller row
> U.S. ethanol makers call on Mexico, India to reduce biofuel glut
> Extra port capacity to boost Russia's grain exports in 5 years -minister
> USDA sees record-high U.S. soy acres, more corn in 2018-19
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-30 palm oil export data on Nov 30.
> Cargo surveyor SGS releases Malaysia's Nov 1-30 palm oil export data on Nov 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 0054
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 5410 -12.00 5384 5446 96082
CHINA SOYOIL JAN8 5846 -36.00 5838 5884 75848
CBOT SOY OIL JAN8 34.13 +0.00 0 0 0
INDIA PALM OIL NOV7 591.60 +3.40 588.60 591.7 335
INDIA SOYOIL DEC7 732.5 -1.55 732.05 735.45 15390
NYMEX CRUDE JAN8 57.71 -0.28 57.64 57.76 5118
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)
