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NEWS ADMIN

DATE

12/10/2017

NEWS PROVIDER

Mohd Nasir Ismail

NEWS SOURCE

Reuters

CATEGORY

HEADLINE

VEGOILS-Market Factors to Watch October 12
12/10/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures ended slightly higher on Wednesday, supported by a stronger export outlook and technical buying, though gains were capped by expectations of rising production in October.

* U.S. corn and wheat futures fell to one-month lows on Wednesday, a day ahead of monthly U.S.Department of Agriculture reports that are expected to confirm big crops and plentiful global grain supplies, analysts said.

* Oil prices eased on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production and tighten the market.

MARKET NEWS

* Wall Street stocks rose on Wednesday as the minutes from the Federal Reserve's September policy meeting merely confirmed expectations that interest rates would rise, while the euro gained on the dollar after Catalonia held off on moving to independence.

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> U.S. sells soy to China, corn and wheat to Mexico

DATA/EVENTS

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

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

Palm, soy and crude oil prices at 0055 GMT

Contract Month Last Change Low High Volume

MY PALM OIL OCT7 0 +0.00 0 0 0

MY PALM OIL NOV7 0 +0.00 0 0 0

MY PALM OIL DEC7 0 +0.00 0 0 0

CHINA PALM OLEIN JAN8 5548 +28.00 5508 5554 102576

CHINA SOYOIL JAN8 6058 +10.00 6036 6072 75736

CBOT SOY OIL DEC7 33.16 +1.20 33.15 33.19 6575

INDIA PALM OIL OCT7 539.30 +1.20 535.50 540 843

INDIA SOYOIL OCT7 655.15 -1.65 654.2 656.9 6940

NYMEX CRUDE NOV7 51.07 -0.23 50.98 51.13 5111

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