KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 29.
FUNDAMENTALS
* Malaysian palm oil futures hit their highest in over a month on Friday,
notching their biggest weekly gain in eight weeks as fears of floods disrupting
supplies in the world's second-largest producer outweighed earlier losses.
* U.S. wheat futures on Friday continued to decline from seven-month highs
reached last week as Russia made an anticipated announcement to restrict
exports, while soybean futures climbed.
* Oil prices fell Friday, tumbling as the dollar strengthened and as a supply
glut in top consumer, the United States, trumped worries about falling
production from Libya.
MARKET NEWS
* U.S. stocks pushed higher on Friday, with the Dow and S&P 500 both closing at
record highs, while oil and natural gas fell on worries of a supply glut and on
mild U.S. weather.
RELATED
> Malaysia's monsoon floods seen crippling December palm supply -industry
> Snow to blanket U.S. wheat belt ahead of bitter cold next week
> LIVESTOCK-CME live cattle rally on beef demand, fund buying
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's December palm oil exports on Dec. 31
Palm, soy and crude oil prices at 0009 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
MY PALM OIL MAR5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 4990 +48.00 4944 4994 300814
CHINA SOYOIL MAY5 5646 +30.00 5592 5658 135800
CBOT SOY OIL MAR5 32.59 +17.00 0.00 0.00 0
INDIA PALM OIL DEC4 442.80 +17.00 434.70 442.80 750
INDIA SOYOIL JAN5 635.30 +24.40 623.50 635.30 69340
NYMEX CRUDE FEB5 55.49 +0.76 54.94 55.74 4575
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
- Reuetrs
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