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NEWS ADMIN

DATE

11/08/2017

NEWS PROVIDER

Mohd Nasir Ismail

NEWS SOURCE

Reuters

CATEGORY

HEADLINE

VEGOILS-Market Factors to Watch August 11
11/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures rose to their highest level in over a week on Thursday evening on expectations of soyoil gains, despite the earlier release of bearish industry data. POI/

* U.S. soybean and corn futures tumbled more than 3 percent on Thursday after the U.S. Department of Agriculture's yield and production forecasts for both crops came in above trade expectations. GRA/

* Oil prices fell more than 1.5 percent on Thursday, as a bruising day on Wall Street bolstered fears of slowing demand amid lingering concerns over a global oversupply of crude. O/R

MARKET NEWS

* Asian stocks slumped on Friday as tensions ramped up between the U.S. and North Korea, sending investors into less risky assets such as gold, the yen and U.S. government bonds. MKTS/GLOB

RELATED

> USDA sees bumper U.S. corn, soy harvests despite weather woes

> China soybean crushers suspend operations amid high soymeal stocks

> EU wheat crop showing mixed yields and quality -Strategie Grains

> Brazil raises 2016/17 soybean output forecast to 114 mln T

> OPEC sees higher 2018 oil demand, points to easing glut

> Cargo surveyor ITS releases Malaysia's Aug 1-15 palm oil export data on August 15.
 
> Cargo surveyor SGS releases Malaysia's Aug 1-15 palm oil export data on August 15.

Palm, soy and crude oil prices at 0045 GMT

Contract Month Last Change Low High Volume

MY PALM OIL AUG7 0 +0.00 0 0 0

MY PALM OIL SEP7 0 +0.00 0 0 0

MY PALM OIL OCT7 0 +0.00 0 0 0

CHINA PALM OLEIN JAN8 5494 +94.00 5424 5504 316608

CHINA SOYOIL JAN8 6422 +142.00 6318 6426 312562

CBOT SOY OIL DEC7 34.13 +9.50 34.09 34.18 1190

INDIA PALM OIL AUG7 496.00 +9.50 481.10 496 3999

INDIA SOYOIL AUG7 644 +4.85 636 644.5 19230

NYMEX CRUDE SEP7 48.62 +0.03 48.51 48.69 12014

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