KUAL LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday October 5.
FUNDAMENTALS
* Malaysian palm oil futures fell on Friday after hitting a 15-month high earlier in the week as
buyers started looking at alternatives such as soybean oil.
* U.S. wheat futures sank on Friday on a round of end-of-week profit taking after prices hit an
8-1/2 week high on Thursday, traders said.
* Crude prices erased early losses to rise by 1 percent or more on Friday after a report showing
the fifth weekly decline in the U.S. oil rig count renewed the debate over falling production in
the world's top oil consumer.
MARKET NEWS
* Bond prices climbed on Friday after a weak U.S. employment report increased worry about
slowing global growth, while global equities were able to rebound from an initial selloff to
close with strong gains.
RELATED
> Glencore in talks on agriculture assets -sources
> Cocoa traders worried after I.Coast omits Sucden from exporters
> Ghana expects cocoa output rebound as new season starts
> India's sugar export boost plan looks flawed-traders
> Milder weather may limit EU maize losses as harvest gets going
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's May 1-10 palm oil export data on October 10.
> Cargo surveyor Societe Generale de Surveillance unveils August 1-10 palm oil exports in
Malaysia on October 10.
Palm, soy and crude oil prices at 0037 GMT
Contract Month Last Change Low High Volume
MY PALM OIL OCT5 0 +0.00 0 0 0
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4480 +38.00 4454 4496 395834
CHINA SOYOIL JAN6 5406 +18.00 5384 5420 166578
CBOT SOY OIL DEC5 27.76 +3.70 27.67 27.78 724
INDIA PALM OIL SEP5 425.90 +3.70 421.60 426.40 569
INDIA SOYOIL OCT5 605.75 +2.65 601.10 607.30 50405
NYMEX CRUDE NOV5 44.74 -0.49 44.68 44.94 2150
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
- Reuters
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