The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures eased 1.2 percent on Wednesday as weak crude and competitive
vegetable oils weighed on prices of the tropical oil ahead of export data due out later this
week.
* U.S. soybean futures fell to multiyear lows on Wednesday in a broad-based commodities selloff
and as widespread rains in the U.S. Midwest were expected to boost yields.
* U.S. crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break
below $ 40 per barrel, as a huge unexpected stockpile build in the United States reinforced
concerns about a growing global oil glut.
MARKET NEWS
* Fears about China’s economy and falling oil prices kept world equity indexes under pressure on
Wednesday, while the dollar lost ground after minutes from the U.S. Federal Reserve’s July
meeting left uncertainty over the timing of an interest rate hike.
RELATED
> Australia seeks to become the delicatessen of Asia
> Scientists call for new review of herbicide, cite “flawed” U.S. regulations
> Soybeans drop to near 6-year low on U.S. Midwest rains
> Rapeoil eases on slack demand
> Soybeans drop to near 6-year low on U.S. Midwest rains
> Scouts see best, worst of crops in variable southwest Iowa
> Corn, soybean harvest potential in Illinois above average
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia’s August 1-20 palm oil exports on August 20.
Palm, soy and crude oil prices at 0010 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 4508 -24.00 4506 4552 240334
CHINA SOYOIL JAN6 5528 +2.00 5524 5592 346872
CBOT SOY OIL DEC5 28.19 -3.10 28.17 28.24 287
INDIA PALM OIL AUG5 389.40 -3.10 389.30 392.50 2003
INDIA SOYOIL AUG5 585.10 -0.60 582.00 586.00 12580
NYMEX CRUDE SEP5 40.74 -0.06 40.55 40.75 162
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
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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 —
