KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 12.
FUNDAMENTALS
* Malaysian palm oil futures were little changed in light trade on Thursday, stretching their
losing streak into a fourth day due to a rise in the ringgit and higher stocks in the No.2
grower.
* U.S. wheat futures extended losses to the lowest levels in a week on Thursday, pressured by
gains in the dollar and after the U.S. Department of Agriculture raised its supply
outlook.
* Crude oil prices fell on Thursday as players took profits from the past two days of gains,
turning bearish after the dollar's rise against the euro on Greek debt worries weighed on demand
for commodities.
MARKET NEWS
* Global equity markets rose on Thursday on optimism over still testy Greek debt talks and on
strong U.S. retail sales, which lifted the U.S. dollar and bolstered expectations the Federal
Reserve will raise interest rates this year.
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DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's June 1-15 palm oil exports on June 15.
Palm, soy and crude oil prices at 0027 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUN5 0 +0.00 0 0 0
MY PALM OIL JUL5 0 +0.00 0 0 0
MY PALM OIL AUG5 0 +0.00 0 0 0
CHINA PALM OLEIN JAN6 5162 -84.00 5144 5268 648374
CHINA SOYOIL SEP5 5688 -68.00 5672 5756 204090
CBOT SOY OIL JUL5 33.34 -6.60 33.25 33.35 1155
INDIA PALM OIL JUN5 450.80 -6.60 450.30 457.80 2085
INDIA SOYOIL JUN5 604.90 -2.65 604.50 608.60 13820
NYMEX CRUDE JUL5 60.53 -0.24 60.51 60.63 820
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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