KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday December 22.
FUNDAMENTALS
* Malaysian palm oil futures rose to a near three-month high on Monday, as a weaker ringgit and
concerns that drier weather could curb output boosted prices.
* Prices for U.S. grains and soybeans dipped on Monday, giving up slight early advances in thin,
choppy trade that focused on plentiful global supplies.
* Brent oil cratered to its lowest price in more than 11 years on Monday, as demand for heating
oil slumped on warmer-than-normal temperatures and traders tested for a bottom.
MARKET NEWS
* Brent crude oil prices touched their weakest level in more than 11 years on Monday on concerns
of global oversupply, while Wall Street ended higher as investors went shopping after two days
of sharp declines.
RELATED
> Russian ministry proposes reducing wheat export tax
> China Nov distillers' grain imports down 30 pct vs Oct
> Iran woos Indian refiners to drive oil sales in cut-throat market
> Cocoa drops to 6-week lows; sugar, arabica fall with oil
> Russia surpasses Saudi Arabia for 3rd time in China crude supply
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Dec 1-25 palm oil export data on December 26.
> Cargo surveyor SGS releases Malaysia's Dec 1-25 palm oil export data on December 26.
* 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.
Palm, soy and crude oil prices at 0015 GMT
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 4688 +74.00 4670 4726 531220
CHINA SOYOIL MAY6 5624 +50.00 5598 5656 390074
CBOT SOY OIL JAN6 30.77 +4.30 0.00 0.00 0
INDIA PALM OIL DEC5 399.60 +4.30 397.00 402.90 1882
INDIA SOYOIL JAN6 619.50 +2.05 619.10 624.70 54480
NYMEX CRUDE FEB6 35.90 +0.09 35.76 35.93 1585
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
Limited time offer:
Just RM5 per month.
