Thenew stores coming to tooele following factors are likely to influence Malaysian palm oil futures and
other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose to their highest in nearly two weeks on the
first trading day of 2019, after world's largest edible oil importer India
announced import tax cuts, amid expectations of a fall in production.
* U.S. soybean futures advanced to a near two-week high on Wednesday on
declining yield prospects in Brazil and optimism about U.S. trade relations with
top global soy buyer China, traders said.
* Oil prices rose about 2 percent in choppy trading on Wednesday, supported by a
slight recovery on Wall Street, even as concerns remained about weakening global
economic growth which could hurt demand for oil.
MARKET NEWS
* Weak Chinese and European economic data weighed on stocks around the world and
boosted safe-haven Treasuries and the Japanese yen on Wednesday, though Wall
Street shares edged higher as investors took advantage of cheaper shares to ring
in the new year.
RELATED
>Brazil farm lobby wins as Bolsonaro grabs control over indigenous
lands
>China strengthens slaughter regulations to combat African swine
fever
>Palm jumps over 2 pct to as India cuts import tax
>Global dairy prices rise again at auction
>Key U.S. crop reports may still be issued if gov't shutdown ends -USDA
DATA/EVENTS
>Cargo surveyor AmSpec releases Malaysia's Jan 1-10 palm oil export data on Jan
10.
>Cargo surveyor SGS releases Malaysia's Jan 1-10 palm oil export data on Jan
10.
>Cargo surveyor ITS releases Malaysia's Jan 1-10 palm oil export data on Jan
10.
>Industry regulator the Malaysian Palm Oil Board releases Malaysia's December
palm oil data on Jan 10.
Palm, soy and crude oil prices at 0029 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JAN9 0 +0.00 0 0 0
MY PALM OIL FEB9 0 +0.00 0 0 0
MY PALM OIL MAR9 0 +0.00 0 0 0
CHINA PALM OLEIN JAN9 4154 +54.00 4100 4154 888
CHINA SOYOIL JAN9 4930 +38.00 4892 4930 128
CBOT SOY OIL JAN9 27.9 +0.00 0 0 0
INDIA PALM OIL JAN9 524.60 +10.60 516.40 525.6 2128
INDIA SOYOIL JAN9 740.75 +10.60 731.5 740.8 15340
NYMEX CRUDE FEB9 46.09 -0.45 45.76 46.35 10228
Palm oil prices in Malaysian ringgit per tonne
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel
* 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.
Vegetable oils --
Malaysian palm oil exports --
CBOT soyoil futures --
CBOT soybean futures --
Indian solvent --
Weekly Indian vegetable oils --
Dalian Commodity Exchange --
Dalian soyoil futures --
Dalian refined palm oil futures --
Zhengzhou rapeseed oil --
European edible oil prices/trades --
(Reporting by KL newsroom)
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