KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday.
FUNDAMENTALS
* Malaysian palm oil futures fell to their lowest in more than five weeks on
Friday and recorded their biggest weekly drop in three, dragged down by steep
losses in crude oil after OPEC decided against curbing output.
* U.S. wheat futures climbed to their highest in nearly five months on Friday,
supported by news that Russia, a major global wheat supplier, was tightening its
grain export rules, traders said.GRA/]
* U.S. crude fell more than $2 to a five-year low in Asian trade on Monday,
while Brent futures touched a fresh four-year low, extending a steep sell-off
after OPEC decided not to cut production last week, keeping markets well
supplied.
MARKET NEWS
* Gold prices fell the most in more than three weeks and the Swiss franc dipped
slightly on Monday after Swiss voters overwhelmingly rejected proposals to boost
gold reserves in a referendum.
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development
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's November palm oil exports on Dec. 1.
Palm, soy and crude oil prices at 0044 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 5094 -158.00 5060 5218 827740
CHINA SOYOIL MAY5 0 +0.00 0 0 0
CBOT SOY OIL JAN5 32.29 -6.10 0.00 0.00 0
INDIA PALM OIL DEC4 439.90 -6.10 437.60 445.50 2233
INDIA SOYOIL DEC4 577.70 -2.85 576.00 580.80 49215
NYMEX CRUDE JAN5 64.43 -1.72 64.10 66.18 30468
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
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