KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday November 27 2015.
FUNDAMENTALS
* Malaysian palm oil futures rebounded on Thursday from a near one-month low hit in the previous
session on falling output, with many palm investors looking for fresh direction from an industry
gathering this week on the resort island of Bali.
* Soybeans futures climbed more than 1 percent on Wednesday, bouncing on short-covering after
this week's 6-1/2 year low, ahead of a U.S. holiday.
* U.S. crude oil futures fell more than one percent in early Asian trading on Friday, under
pressure from concerns of a supply glut, although market activity was subdued due to a U.S.
holiday.
MARKET NEWS
* The euro slipped towards seven-month lows, bond yields fell and European shares rallied on
Thursday on growing talk of aggressive stimulus from the European Central Bank next week.
RELATED
> EXCLUSIVE-China plans to cut domestic corn prices in bid to shrink massive stockpiles
> Malaysia's Sime Darby hit by low commodity prices, Q1 profit down 34 pct
> Indian oilseeds, soyoil rise on short-covering
> INTERVIEW-Malaysia refiners call for common palm oil export duty plan with Indonesia
> Palm oil prices to avg 2,250 rgt for year ending June 2016 -Sime Darby
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Nov 1-30 palm oil export data on November 30. Cargo
surveyor SGS release Malaysian palm oil export data for the first 30 days of the month on
November 30.
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 4100 +58.00 4072 4164 1059206
CHINA SOYOIL JAN6 5536 +110.00 5474 5552 285220
CBOT SOY OIL DEC5 27.90 -0.90 0.00 0.00 0
INDIA PALM OIL NOV5 383.40 -0.90 382.10 384.00 884
INDIA SOYOIL DEC5 610.90 +2.80 606.20 611.30 44785
NYMEX CRUDE JAN6 41.61 -0.29 41.43 41.66 4613
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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