VEGOILS-Market factors to watch Feb 10
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures hit their highest level in nearly 21 months on Friday and posted
their biggest weekly jump in over four months on short-covering ahead of a long weekend and
concerns over declining production.
* U.S. wheat futures dropped to their lowest level since 2010 after the U.S. government on
Thursday said year-end global supplies would be the biggest in history.
* Oil prices slid for a fourth straight session on Tuesday and teetered close to 12-1/2-year
lows hit last month, after weak demand forecasts from the U.S. government and the western
world's energy watchdog, while weak equities also pressured prices.
MARKET NEWS
* U.S. stocks recovered from early losses to end slightly lower on Tuesday while European shares
plunged for a second straight day on fears of slowing global growth, with particular concern
over the health of the banking sector.
RELATED
> U.S. corn, wheat supplies to rise as exports wane -USDA
> Bunge challenges Egypt over rejected French wheat cargo
> Iran hopes for agricultural boom post-sanctions
> Oil traders rush for options to protect against crude gyrations
> Monsanto to pay $80 mln in U.S. SEC settlement over Roundup earnings
DATA/EVENTS
> MPOB releases Malaysia's January 2016 data on February 10.
* 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 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL FEB6 0 +0.00 0 0 0
MY PALM OIL MAR6 0 +0.00 0 0 0
MY PALM OIL APR6 0 +0.00 0 0 0
CHINA PALM OLEIN MAY6 0 +0.00 0 0 0
CHINA SOYOIL MAY6 0 +0.00 0 0 0
CBOT SOY OIL MAR6 30.70 +5.90 0.00 0.00 0
INDIA PALM OIL FEB6 470.50 +5.90 466.50 471.90 1177
INDIA SOYOIL FEB6 614.00 -2.65 612.80 617.20 18410
NYMEX CRUDE MAR6 28.43 +0.49 28.27 28.51 3313
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 Praveen Menon)