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Tuesday, May 24, 2022

VEGOILS-Market factors to watch July 27

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

markets.

FUNDAMENTALS

* Malaysian palm oil futures inched lower on Friday, falling for a third straight session as

quiet trading continued following the Muslim fasting month holiday period.

* U.S. corn futures posted their biggest weekly decline in a year on improving prospects in the

Midwest during the crop’s key growth phase, raising expectations for a bumper harvest.

* Brent and U.S. crude futures settled on Friday at their lowest since March and posted their

fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling

rigs applied pressure.

MARKET NEWS

* Global equity markets dropped on Friday and copper fell to a six-year low as

weaker-than-expected data from China and the euro zone exacerbated concerns over global economic

growth.

RELATED

> Brazil starts exporting soy from new Northeast terminal

> Soy crushers in Illinois, Indiana ‘import’ beans from the Dakotas

> New map shows Brazil soybean expansion threat to community nut oil

DATA/EVENTS

> nil.

Palm, soy and crude oil prices at 0010 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 4846 -22.00 4844 4874 180294

CHINA SOYOIL JAN6 5514 -52.00 5508 5562 240078

CBOT SOY OIL DEC5 31.48 -3.50 31.47 31.57 2367

INDIA PALM OIL JUL5 434.90 -3.50 434.00 439.50 488

INDIA SOYOIL AUG5 570.00 -1.35 569.00 574.80 40890

NYMEX CRUDE SEP5 45.06 -0.53 44.35 45.35 2100

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 —

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