Malaysian palm oil/Vegoils: Market factors to watch Friday November 20


KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday November 20.
    
FUNDAMENTALS
* Malaysian palm oil futures fell on weak export demand on Thursday, with a stronger ringgit
also adding downward pressure on prices. 
* U.S. wheat, corn and soybean futures all firmed on Thursday on support from
better-than-expected export sales reports for all three commodities, traders said. 
* Brent oil futures settled steady on Thursday while U.S. crude fell ahead of the expiry of the
front-month contract and continued pressure from large inventory builds. 
    
MARKET NEWS
* The U.S. dollar pulled back on Thursday after four sessions of gains and U.S. stocks edged
lower in choppy trade as the prospect that the U.S. Federal Reserve will hike interest rates
next month gained steam.    
        
RELATED
> Fake pesticides endanger crops and human health in India         
> El Nino indicator hits record high, adds to weather risks        
> Indian sugar exports unlikely to trigger Brazilian discounts     
> Arabica makes biggest surge in 8 months, sugar taps 15 cents     
> Wheat rallies 1.5 percent; corn, soybeans also firm              
> GMO salmon approval turns up heat in U.S. labeling battle        
   
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 0045 GMT
                                                                  
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      DEC5       0    +0.00       0       0       0
  MY PALM OIL      JAN6       0    +0.00       0       0       0
  MY PALM OIL      FEB6       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6    4078   -34.00    3984    4100 1296868
  CHINA SOYOIL     JAN6    5444    -2.00    5364    5454  289884
  CBOT SOY OIL     DEC5   27.55    -2.40    0.00    0.00       0
  INDIA PALM OIL   NOV5  383.70    -2.40  382.90  385.80     779
  INDIA SOYOIL     NOV5  591.75    -2.75  591.00  597.00     830
  NYMEX CRUDE      DEC5   40.59    +0.05   40.54   40.67     145
                                                                  
  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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