Malaysian palm oil/Vegoils: Market factors to watch on Friday Dec 18


Banks and plantations were among the top losers.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Dec 18 2015.
    
FUNDAMENTALS
* Malaysian palm oil fell on Thursday, dragged down by falling crude and declines in competing
vegetable oils as well as concerns over slowing exports. 
* U.S. soybean futures rebounded from a 3-1/2-week low on Thursday and closed higher for the
first time in three sessions on short covering sparked by concerns that dry weather in Brazil
may clip soy production. 
* Oil prices fell more than 1 percent on Thursday, with global benchmark Brent settling not far
from 2004 lows, after fresh supply builds at the delivery point for U.S. crude futures added to
worries about a global glut. 
    
MARKET NEWS
* U.S. stocks led a decline in most equity markets around the globe on Thursday, a day after the
Federal Reserve's first interest rate hike in nearly a decade, as continued pressure on oil
weighed on the energy sector.    
        
RELATED
> U.S. EPA publishes November biofuel credit data on website 
> Argentine peso devaluation seen spurring huge grains export increase 
> Philippine govt to challenge ban on GMO imports ordered by top court 
> Russia, China sign accords on grain quality control 
> Golden age of coal in China seems over, peak-demand scenario possible 
    
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-20 palm oil export data on December 21.
    
    * For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal
users can double click on or type.
    * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and
Rotterdam, please key in and press enter, or double click between the brackets. 
    * Reuters Terminal users can see cash and futures edible oil prices by double clicking on
the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit
F11.
    
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      JAN6       0    +0.00       0       0       0
  MY PALM OIL      FEB6       0    +0.00       0       0       0
  MY PALM OIL      MAR6       0    +0.00       0       0       0
  CHINA PALM OLEIN MAY6    4508  -114.00    4506    4570  620966
  CHINA SOYOIL     MAY6    5476   -70.00    5474    5526  396510
  CBOT SOY OIL     JAN6   30.09    -5.70   29.71   30.33   54856
  INDIA PALM OIL   DEC5  390.40    -5.70  389.00  395.00    1358
  INDIA SOYOIL     DEC5  632.00    -3.20  631.10  634.70    4755
  NYMEX CRUDE      JAN6   34.80    -0.15   34.73   34.87     540
                                                                  
  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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