KUALA LUMPUR The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday October 6.
FUNDAMENTALS
* Malaysian palm oil futures continued their rise on Monday after climbing for the past two
weeks, supported by strong gains in rival oilseed and crude oil prices.
* U.S. grain and soybean futures strengthened on Monday as technical buying and positioning
ahead of U.S. crop reports overshadowed concerns about poor export demand.
* Crude oil prices settled up more than 2 percent on Monday, bolstered by a rally in U.S.
gasoline and Russia's willingness to meet other major oil producers to discuss the market.
MARKET NEWS
* Oil prices jumped after Russia said it was ready to meet with other producers to discuss the
market, while world stock indexes rose with commodity-related shares amid a backdrop of low
global interest rates.
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> Egypt's Trade Ministry lifts ban on rice exports
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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