The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures posted their biggest gain in more than three weeks on on Thursday,
tracking a recovery in the soy market, as buyers were tempted back after by market
weakness.
* U.S. wheat futures rose 2 percent on Thursday, recovering after a nearly 3 percent drop a day
earlier when bearish data in a monthly U.S. government crop report sent grain markets
tumbling.
* U.S. oil prices tumbled more than 3 percent to a 6-1/2-year low under $ 42 a barrel on Thursday
as data showing a big rise in key U.S. stockpiles intensified worries over a growing global
glut.
MARKET NEWS
* Bond yields rose in major markets on Thursday after China’s central bank reassured investors
there was no reason for its currency to keep falling, but oil prices fell to six-year lows on
supply concerns.
RELATED
> Indonesia’s July palm exports fall 8 pct m/m -industry
> Severe “food shocks” more likely due to extreme weather, experts warn
> U.S. farmer incomes, cropland values projected to fall more
> EU wheat harvest makes progress in better weather
> Farm cooperatives raise German 2015 wheat crop forecast
> South Korea’s FLC buys 60,000 tonnes corn in tender- trade
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia’s August 1-15 palm oil exports on August 15.
Palm, soy and crude oil prices at 0022 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG5 0 +0.00 0 0 0
MY PALM OIL SEP5 0 +0.00 0 0 0
MY PALM OIL OCT5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4606 -36.00 4596 4664 415456
CHINA SOYOIL JAN6 5562 -66.00 5552 5622 325644
CBOT SOY OIL DEC5 29.32 -1.80 29.32 29.41 646
INDIA PALM OIL AUG5 391.70 -1.80 389.60 395.80 1355
INDIA SOYOIL AUG5 579.00 -1.25 575.60 581.70 15215
NYMEX CRUDE SEP5 42.15 -0.08 41.35 42.26 6529
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
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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 —
