The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures gained 1.8 percent on Wednesday, its largest intraday climb since Sept. 4, supported by rising crude oil prices. POI/
* U.S. soybean futures eased on Wednesday in a technical selling setback following two days of gains despite concerns that rainy weather in parts of the Midwest would delay harvesting and possibly damage some crops. GRA/
* Brent crude rose nearly 2 percent after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year's largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production. O/R
MARKET NEWS
* Stock markets around the world were up slightly on Wednesday amid signs that Italy would cut its budget deficits in coming years, but U.S. Treasuries yields hit multi-year highs after strong U.S. jobs data, while oil prices saw 4-year highs ahead of U.S. sanctions on Iran exports. MKTS/GLOB
RELATED > ANALYSIS-Deepening farm crisis in India could hurt Modi's re-election bid > India raises winter crop prices ahead of 2019 elections > Thai sugar, sugarcane output set to fall -USDA > EXCLUSIVE-Saudi Arabia, Russia agreed in Sept to lift oil output, told U.S > BHP sees major copper demand boost from China's widening belt and road > Cargo surveyor AmSpec releases Malaysia's Oct 1-10 palm oil export data on Oct 10. > Cargo surveyor SGS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.
* 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 0016 GMT
Contract
Month
Last Change
Low
High
Volume MY PALM OIL
OCT8
0 +0.00
0
0
0 MY PALM OIL
NOV8
0 +0.00
0
0
0 MY PALM OIL
DEC8
0 +0.00
0
0
0 CHINA PALM OLEIN
JAN9
0 +0.00
0
0
0 CHINA SOYOIL
JAN9
0 +0.00
0
0
0 CBOT SOY OIL
OCT8
29.52 +0.00
0
0
0 INDIA PALM OIL
OCT8
587.20 +3.70
585.00
590.5
1932 INDIA SOYOIL
OCT8
751.7 +9.80
743.85 751.95
23210 NYMEX CRUDE
NOV8
76.15 -0.26
76.14
76.28
3528
Palm oil prices in Malaysian ringgit 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