FUNDAMENTALS
* Malaysian palm oil futures rose to a one-month high on Monday, lifted by gains
in U.S. and China soyoil markets and a surge in exports of the tropical oil in
the first half of the month.
* U.S. soybean and wheat futures fell on Tuesday, with soy pressured by
technical selling and forecasts for good harvest weather, while U.S. wheat
supplies struggled to find traction on the export market despite trading at
four-year lows.
* U.S. crude futures rose by almost $2 and Brent by more than $1 on Tuesday on
the prospect of a production cut by OPEC as well as on a weakening dollar and
news that Libya had curbed output after rockets hit an area near a
refinery.
MARKET NEWS
* Stock markets around the world rose on Tuesday, ending near session highs as
investors bet that the U.S. Federal Reserve wouldn't adjust its guidance about
how soon it would raise interest rates.
RELATED
> Palm prices must ease to cope with bumper edible oil supplies-Mistry
> India's Aug vegoil imports hit record on soyoil surge
> Commodities brace for more woe ahead of Fed rate decision
> China signs agreements to buy 4.8 mln tonnes of U.S. soybeans
> Syngenta faces second lawsuit over GMO corn rejected by China
> GMO safety, weed control top concerns as US study kicks off
> USDA chief says urged Buffett to ready BNSF for record crops
> USDA chief expects 2014 biofuel use targets to rise
> EU maize crop heading for new record
> Group says floor traders abandon lawsuit over grain rules
> Iran's SLAL buys corn, feed barley and soybean meal
> Ukraine raises winter sowing pace despite dry soil
> As US farm cycle turns, tractor makers may suffer longer than farmers
> Indonesian lawmakers approve Southeast Asia smog-fighting pact
> US soy exports to China could drop by quarter with crush-margins at 2-yr low
DATA/EVENTS
> Cargo surveyors Intertek Testing Services to release Sept. 1-20 palm oil
export data on Sept. 20. Cargo surveyor Societe Generale de Surveillance to
release data for same period on Sept. 22.
Palm, soy and crude oil prices at 0027 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT4 0 +0.00 0 0 0
MY PALM OIL NOV4 0 +0.00 0 0 0
MY PALM OIL DEC4 0 +0.00 0 0 0
CHINA PALM OLEIN JAN5 5230 -6.00 5212 5248 247238
CHINA SOYOIL JAN5 0 +0.00 0 0 0
CBOT SOY OIL DEC4 33.10 +0.10 33.04 33.10 329
NYMEX CRUDE OCT4 94.65 -0.23 94.63 94.86 2546
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
Crude in U.S. dollars per barrel
Limited time offer:
Just RM5 per month.
