19.6 C
New York
Wednesday, October 4, 2023

VEGOILS-Market factors to watch Sept 8

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

markets.

FUNDAMENTALS

* Malaysian palm oil futures hit a near three-week high on Monday after a drop in early trade

helped by exports and a weaker ringgit.

* Chicago wheat edged higher after touching a five-year low on Friday, and corn also inched up

as investors covered short positions in both grains after recent declines.

* Oil fell more than 3 percent on Monday, hit by weaker Chinese equities and record North Sea

crude production data that added to global oversupply concerns.

MARKET NEWS

* Asian shares looked set to struggle on Tuesday to defend the three-year trough hit last month

as investors sought more signs of stability in China’s slowing economy and volatile financial

markets.

RELATED

> Palm oil prices to remain flat until year end -MPOC Chairman

> Egypt’s agriculture minister arrested after resignation

> Rainfall mixed in Ivory Coast ahead of main cocoa crop

> Glowing in the dark, GMO chickens shed light on bird flu fight

> White sugar steady, robusta coffee eases

DATA/EVENTS

> Malaysian Palm Oil Board to release data on Malaysia’s August palm oil production on September

10.

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

on Malaysia’s September 1-10 palm oil exports on September 10.

Palm, soy and crude oil prices at 0005 GMT

Contract Month Last Change Low High Volume

MY PALM OIL SEP5 0 +0.00 0 0 0

MY PALM OIL OCT5 0 +0.00 0 0 0

MY PALM OIL NOV5 0 +0.00 0 0 0

CHINA PALM OLEIN JAN6 0 +0.00 0 0 0

CHINA SOYOIL JAN6 0 +0.00 0 0 0

CBOT SOY OIL DEC5 27.08 +4.50 26.98 27.09 438

INDIA PALM OIL SEP5 380.00 +4.50 375.50 381.90 2781

INDIA SOYOIL OCT5 573.00 +0.65 571.20 574.50 37125

NYMEX CRUDE OCT5 46.77 +0.02 46.61 46.85 1086

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
731FollowersFollow
- Advertisement -

Latest Articles

Popular Articles