Malaysian palm oil market factors to watch Tuesday Nov 17


KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday November 17.
    
FUNDAMENTALS
* Malaysian palm oil futures dropped for a second straight session on Monday due to slow-moving
demand amid higher production, although a weaker ringgit MYR=, higher crude oil prices and
improving exports limited falls. 
* U.S. soybean futures firmed on Monday, rising from 6-1/2 year lows on bargain-buying as
investors covered bearish bets amid signs of strong export demand, traders said. 
* Oil prices rose on Monday after strong losses last week, as Friday's deadly attacks in Paris
raised geopolitical tensions that some said could threaten global oil supply. 
    
MARKET NEWS
* Asian stocks gained early on Tuesday, taking heart after seeing Wall Street take the attacks
in Paris in stride and surge overnight, while expectations for a rate hike by the Federal
Reserve in December kept the dollar on a bullish footing.    
        
RELATED
> Sime Darby favours increasing yields over new plantations          
> El Niño strengthening, will be among biggest on record - WMO       
> Indonesia's 2016 raw sugar imports seen up 5 percent y/y -industry 
> French silo operator Socomac stops taking deliveries at Rouen      
> Cocoa climbs to 2011 high, arabica up from near 2-year low         
   
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 0017 GMT
                                                                  
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      NOV5       0    +0.00       0       0       0
  MY PALM OIL      DEC5       0    +0.00       0       0       0
  MY PALM OIL      JAN6       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6    4380   +24.00    4374    4406  413850
  CHINA SOYOIL     JAN6    5612   +36.00    5592    5634  313896
  CBOT SOY OIL     DEC5   28.50    +5.10    0.00    0.00       0
  INDIA PALM OIL   NOV5  405.50    +5.10  402.50  408.30    3073
  INDIA SOYOIL     NOV5  628.40    +1.25  625.80  630.50   34160
  NYMEX CRUDE      DEC5   46.46    +0.14   46.36   46.63    1090
                                                                  
  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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