27.6 C
New York
Thursday, June 1, 2023

VEGOILS-Market factors to watch July 21

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil

markets.

FUNDAMENTALS

* Malaysian palm oil futures eased 0.14 percent on Monday, falling for a third consecutive

session to their lowest level since July 9 as poor exports and a stronger dollar dragged down

the market.

* Chicago Board of Trade wheat futures sank 3.4 percent on Monday to their lowest in more than

three weeks, the fifth straight losing session, on pressure from dollar strength and a pick-up

in the pace of harvest, traders said.

* Oil futures fell on Monday and U.S. crude slipped below $ 50 a barrel intraday as ample supply,

the prospect of more Iranian crude for export and a strengthening dollar combined to pressure

prices.

MARKET NEWS

* Gold prices plunged to their lowest in more than five years on Monday, at one point dropping 4

percent on aggressive selling out of China, while the U.S. dollar hit a three-month high on

expectations for higher U.S. interest rates.

RELATED

> Malaysia’s July 1-20 palm oil exports drops 15.5 pct -ITS

> Cargill suspends soy deliveries into Sioux City, Iowa, processor

> PREVIEW-CWB to tour dry Canadian Prairies to study wheat, canola

> Raw sugar sinks more than 4 pct, robusta jumps briefly

> Australia agrees export deal with China for live slaughter cattle

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data

on Malaysia’s July 1-25 palm oil exports on July 25.

Palm, soy and crude oil prices at 0005 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 4864 -74.00 4816 4916 308024

CHINA SOYOIL JAN6 5666 -54.00 5602 5688 270496

CBOT SOY OIL DEC5 32.08 -3.30 32.04 32.11 349

INDIA PALM OIL JUL5 429.50 -3.30 427.10 433.00 788

INDIA SOYOIL AUG5 576.30 -4.15 576.00 581.90 46935

NYMEX CRUDE AUG5 51.67 +0.26 50.91 52.22 2214

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

F11.

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 —

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,268FansLike
12,893FollowersFollow
735FollowersFollow
- Advertisement -

Latest Articles

Popular Articles