KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday
FUNDAMENTALS
* Malaysian palm oil weakened further on Thursday after export data from the
world's second-largest producer and declines in competing bean oil markets
weighed on prices, but a weaker ringgit provided some support.
* U.S. corn and soybean futures jumped as much as 2 percent on Thursday,
rebounding from two-week lows reached in the previous session, in a rally tied
to technical buying and renewed export demand for the crops.
* Oil closed higher on Thursday, snapping a three-day loss, as strong U.S.
economic data bolstered crude markets but focus remained on whether OPEC will
cut output to end a five-month long selloff when it meets next week.
MARKET NEWS
* World stock markets slipped on Thursday on signs the Chinese and European
economies were cooling, while Japan's yen slid to seven-year lows against the
dollar amid expectations of more Japanese stimulus.
RELATED
> In Senate hot seat, Goldman denies commodity manipulation
> Argentina sees 2014/15 wheat harvest of 12 million tonnes
DATA/EVENTS
> nil
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC4 0 +0.00 0 0 0
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 5300 -22.00 5280 5310 366644
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL DEC4 32.67 +3.60 0.00 0.00 0
INDIA PALM OIL NOV4 449.50 +3.60 445.70 449.90 540
INDIA SOYOIL DEC4 588.20 +2.95 582.80 588.50 48775
NYMEX CRUDE JAN5 76.69 +0.84 76.20 76.79 3871
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
.
FUNDAMENTALS
* Malaysian palm oil weakened further on Thursday after export data from the
world's second-largest producer and declines in competing bean oil markets
weighed on prices, but a weaker ringgit provided some support.
* U.S. corn and soybean futures jumped as much as 2 percent on Thursday,
rebounding from two-week lows reached in the previous session, in a rally tied
to technical buying and renewed export demand for the crops.
* Oil closed higher on Thursday, snapping a three-day loss, as strong U.S.
economic data bolstered crude markets but focus remained on whether OPEC will
cut output to end a five-month long selloff when it meets next week.
MARKET NEWS
* World stock markets slipped on Thursday on signs the Chinese and European
economies were cooling, while Japan's yen slid to seven-year lows against the
dollar amid expectations of more Japanese stimulus.
RELATED
> In Senate hot seat, Goldman denies commodity manipulation
> Argentina sees 2014/15 wheat harvest of 12 million tonnes
DATA/EVENTS
> nil
Palm, soy and crude oil prices at 0030 GMT
Contract Month Last Change Low High Volume
MY PALM OIL DEC4 0 +0.00 0 0 0
MY PALM OIL JAN5 0 +0.00 0 0 0
MY PALM OIL FEB5 0 +0.00 0 0 0
CHINA PALM OLEIN MAY5 5300 -22.00 5280 5310 366644
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL DEC4 32.67 +3.60 0.00 0.00 0
INDIA PALM OIL NOV4 449.50 +3.60 445.70 449.90 540
INDIA SOYOIL DEC4 588.20 +2.95 582.80 588.50 48775
NYMEX CRUDE JAN5 76.69 +0.84 76.20 76.79 3871
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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