KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday November 17.
FUNDAMENTALS
* Malaysian palm oil futures dropped for a second straight session on Monday due to slow-moving
demand amid higher production, although a weaker ringgit MYR=, higher crude oil prices and
improving exports limited falls.
* U.S. soybean futures firmed on Monday, rising from 6-1/2 year lows on bargain-buying as
investors covered bearish bets amid signs of strong export demand, traders said.
* Oil prices rose on Monday after strong losses last week, as Friday's deadly attacks in Paris
raised geopolitical tensions that some said could threaten global oil supply.
MARKET NEWS
* Asian stocks gained early on Tuesday, taking heart after seeing Wall Street take the attacks
in Paris in stride and surge overnight, while expectations for a rate hike by the Federal
Reserve in December kept the dollar on a bullish footing.
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DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-20 palm oil export data on November 20. Cargo
surveyor SGS release Malaysian palm oil export data for the first 20 days of the month on
November 20.
Palm, soy and crude oil prices at 0017 GMT
Contract Month Last Change Low High Volume
MY PALM OIL NOV5 0 +0.00 0 0 0
MY PALM OIL DEC5 0 +0.00 0 0 0
MY PALM OIL JAN6 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 4380 +24.00 4374 4406 413850
CHINA SOYOIL JAN6 5612 +36.00 5592 5634 313896
CBOT SOY OIL DEC5 28.50 +5.10 0.00 0.00 0
INDIA PALM OIL NOV5 405.50 +5.10 402.50 408.30 3073
INDIA SOYOIL NOV5 628.40 +1.25 625.80 630.50 34160
NYMEX CRUDE DEC5 46.46 +0.14 46.36 46.63 1090
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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