VEGOILS-Market factors to watch Aug 8
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Friday from their seven-week highs hit in the previous
session, as a stronger ringgit MYR= hurt prices.
* U.S. soybean futures jumped on Friday, extending a rebound from 3-1/2-month lows hit earlier
this week, as strong export demand offset supply pressure linked to bumper harvest prospects.
* Oil prices rose in early trading on Monday, lifted by reports of renewed talks by some members
of the Organization of the Petroleum Exporting Countries (OPEC) to restrain output..
MARKET NEWS
* Asian shares rose on Monday and the dollar stood tall after a stronger-than-expected July jobs
report lifted confidence in the strength of the U.S. economy - heightening expectations that the
U.S. Federal Reserve could hike interest rates this year.
RELATED
> New Zealand farming company bans use of palm to feed cows
> France sees wheat yields at 30-year low on weather toll
> Colombia's coffee growers, reeling from drought, brace for La Niña rains
> Commodity slump hits Q1 profits at Japanese trading firms
> China overtakes S. Korea as Asia's biggest Forties crude buyer for 2016
* 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.
Palm, soy and crude oil prices at 0036 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN7 5162 -34.00 5122 5176 290598
CHINA SOYOIL JAN7 6140 -22.00 6106 6156 199650
CBOT SOY OIL DEC6 31.12 -1.30 31.03 31.24 1631
INDIA PALM OIL AUG6 526.50 -1.30 524.50 528.1 2327
INDIA SOYOIL AUG6 635.5 -0.65 633.1 636.7 17180
NYMEX CRUDE SEP6 41.98 +0.18 41.83 42.07 4970
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
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 --
(Reporting by KL newsroom)