The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures were up over 1 percent on Wednesday evening, hitting their highest in more than a week on a rise in exports and tracking stronger related edible oils. POI/
* U.S. wheat futures climbed more than 1 percent on Wednesday while corn was higher for the sixth straight session as technical buying and end-of-year positioning buoyed grain prices, traders and analysts said. GRA/
* Oil prices dipped on Wednesday, as a rally ran out of momentum a session after crude hit a near 2-1/2-year high on supply outages in Libya and the North Sea. O/R
MARKET NEWS
* Asian shares rose to a one-month high on Thursday and were on track for their best annual performance since 2009, while commodity-driven currencies were buoyed by a rally in copper, which hit a four-year peak. MKTS/GLOB
RELATED > Half of U.S. soy exports to China would fall afoul of new rules > Potash Corp, Agrium win final approval to merge, forming Nutrien > COFCO says blast at Argentine port kills employee, injures others > Egypt's GASC says buys 180,000 T Russian wheat > Cargo surveyor ITS releases Malaysia's Dec 1-31 palm oil export data on Jan 2. > Cargo surveyor SGS releases Malaysia's Dec 1-31 palm oil export data on Jan 2.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type MYPALM/FLAT .
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 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 0107 GMT Contract
Month
Last Change
Low
High Volume MY PALM OIL
JAN8
0
+0.00
0
0
0 MY PALM OIL
FEB8
0
+0.00
0
0
0 MY PALM OIL
MAR8
0
+0.00
0
0
0 CHINA PALM OLEIN MAY8
5234 +12.00
5228
5262 123742 CHINA SOYOIL
MAY8
5702 +12.00
5694
5734 117544 CBOT SOY OIL
MAR8
33.25
-1.20 33.08 33.27
1020 INDIA PALM OIL
DEC7
554.90
-1.20 554.20
558
339 INDIA SOYOIL
JAN8
721.2
-2.40
721 726.5
24840 NYMEX CRUDE
FEB8
59.66
+0.02 59.52 59.66
2405 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
Vegetable oils
-- OILS/ASIA1 Malaysian palm oil exports
-- SGSPALM1
CBOT soyoil futures
-- 0#BO:
CBOT soybean futures
-- 0#S:
Indian solvent
-- SOLVENT01 Weekly Indian vegetable oils
-- OILS/IN
Dalian Commodity Exchange
-- DC/MENU
Dalian soyoil futures
-- 0#DBY:
Dalian refined palm oil futures -- 0#DCP:
Zhengzhou rapeseed oil
-- 0#COI:
European edible oil prices/trades -- OILS/E