The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures ended up after earlier hitting a new three-month low on Thursday,
tracking other vegetable oils, as traders waited for fresh cues and monthly export data due
soon.
* U.S. soybean futures rose on Thursday as signs of growing export demand threatened to cut into
an already thin supply base, traders said.
* Crude futures settled down on Thursday, pressured by a rally in the dollar which countered
bullish sentiment from a drawdown in U.S. stockpiles that was much steeper than expected.
MARKET NEWS
* The dollar touched one-week highs and shorter-term U.S. Treasury yields rose on Thursday as
accelerating U.S. gross domestic product data encouraged bets policymakers will start hiking
U.S. interest rates as soon as September.
RELATED
> U.S. soybean export sales poised for Q4 rebound – Bunge CEO
> U.S. spring wheat yield prospects bigger than year ago, 5-year average – tour
> IGC raises global corn crop outlook, trims wheat
> Romania eyes smaller wheat crop, exports to Egypt
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia’s July 1-31 palm oil exports on July 31.
Palm, soy and crude oil prices at 0009 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 4784 +28.00 4766 4798 253962
CHINA SOYOIL JAN6 5520 +24.00 5496 5542 214348
CBOT SOY OIL DEC5 30.66 -2.00 30.64 30.71 291
INDIA PALM OIL JUL5 419.10 -2.00 417.50 420.40 856
INDIA SOYOIL AUG5 576.50 +6.00 568.20 576.60 66095
NYMEX CRUDE SEP5 48.50 -0.02 48.43 48.57 1325
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 —
