VEGOILS-Market factors to watch June 21
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Wednesday evening, charting a third consecutive session of
declines, as the market was weighed down by weaker related edible oils and slowing
exports.
* U.S. soybean and corn futures ended nearly flat on Wednesday, consolidating one day after the
front soybean contract Sc1 plunged to a near 10-year low on trade tensions and favorable Midwest
crop weather, analysts said.
* U.S. crude futures rose nearly 2 percent on Wednesday, supported by a drop in domestic
inventories, while Brent edged down ahead of an OPEC meeting later this week that may result in
increased global production.
MARKET NEWS
* Stocks on world markets edged higher on Wednesday, following a recent sell-off on rapidly
escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve
chairman said the U.S. central bank should continue with a gradual pace of interest rate hikes.
RELATED
> India ships more cotton to China as 25 pct tax spoils U.S. supply
> For OPEC, oil tariff spat is short-term gain, long-term pain
> EU to impose duties on U.S. imports Friday after Trump tariffs
> China Energy executives cancel West Virginia trip amid trade dispute
> Bank of China International launches onshore commodity indices
DATA/EVENTS
> Cargo surveyor AmSpec releases Malaysia's June 1-25 palm oil export data on June 25.
> Cargo surveyor SGS releases Malaysia's June 1-25 palm oil export data on June 25.
* 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 0037 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL8 0 +0.00 0 0 0
MY PALM OIL AUG8 0 +0.00 0 0 0
MY PALM OIL SEP8 0 +0.00 0 0 0
CHINA PALM OLEIN SEP8 4700 +72.00 4664 4716 128144
CHINA SOYOIL SEP8 5498 +6.00 5478 5516 137886
CBOT SOY OIL JUL8 29.44 +0.07 29.33 29.45 552
INDIA PALM OIL JUN8 632.50 +3.40 629.70 634 696
INDIA SOYOIL JUL8 746 +7.60 740.1 746.4 23060
NYMEX CRUDE AUG8 65.63 -0.08 65.33 65.73 7482
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)