BEIJING, Sept 29 (Reuters) - China will release some of its temporary vegetable oil reserves via public bidding to bolster market supplies and to stabilise prices, China's State Grain Administration said.
The exact volume would be announced later, the administration said, without giving further details.
The sale was expected by the market since Beijing is eager to curb food price rises while the state reserve firms have been holding onto stocks, including rapeseed oil and soyoil, for about two years, long enough for the quality to deteriorate.
But analysts did not expect the volume of any sales to be big. The government holds about 1.4 million tonnes of soyoil reserves and about 1.6 million tonnes of rapeseed oil reserves.
Thursday, September 30, 2010
Trader's Highlight
DJI-NEW YORK, Sept 29 (Reuters) - Wall Street took a breather from a month-long rally on Wednesday, with investors bracing for higher volatility going forward as the best quarter in a year nears its end.
The S&P 500 is up 9.1 percent in September, traditionally a weak month for stocks, as investors anticipate the Federal Reserve will take extra steps to spur economic activity. Still, the VIX futures show the options market has a very high level of skepticism about this rally.
The Dow Jones industrial average <.DJI> shed 22.86 points, or 0.21 percent, to 10,835.28. The Standard & Poor's 500 Index <.SPX> dipped 2.97 points, or 0.26 percent, to 1,144.73. The Nasdaq Composite Index <.IXIC> fell 3.03 points, or 0.13 percent, to 2,376.56.
NYMEX-NEW YORK, Sept 29 (Reuters) - U.S. crude oil futures prices rose more than 2 percent to a seven-week high on Wednesday after U.S. government oil inventory data showed crude oil and refined products stocks fell last week.
The weak dollar helped lift oil prices, which also got a technical boost when they pushed through the 200-day moving average of $77.51 for front-month crude. Strong heating oil futures also provided support.
On the New York Mercantile Exchange, November crude rose $1.68, or 2.21 percent, to settle at $77.86 a barrel, its highest close since crude closed at $78.02on Aug. 11.
CBOT-CHICAGO, Sept 29 (Reuters) - Chicago Board of Trade grain and soybean futures close on Wednesday.
CBOT-SOYBEANS - November down 11 cents per bushel at $10.99 a bushel. Lower on long liquidation, profit-taking and news China will sell some of its vegoil reserves . Also pressured by the approach of active harvest of likely record large U.S. soy crop amid improved harvest weather.
CBOT-SOYOIL - October down 0.50 cent per lb at 44.06 cents per lb. Lower on news China plans to sell some of its vegoil reserves - state grain body.
FCPO-JAKARTA, Sept 29 (Reuters) - Global vegetable oil markets fell on Wednesday after China said it would sell vegetable oil reserves and as an improving outlook for soy crops for crushing in South America depressed the market.
Markets had rallied strongly earlier this week as traders bet on top Asian buyers -- China and India -- snapping up more cargoes in the months to come, with Malaysian palm oil futures hitting their highest level since May 2009.
But on Wednesday, palm oil closed down 1.42 percent at 2,698 ringgit per tonne while U.S. Oct soyoil eased 1.19 percent during Asian hours.
China's most-active May 2011 palm oil futures fell 1.4 percent and May 2011 soybean oil eased 1.06 percent by 1041 GMT after the government announced that it would release some of its temporary vegetable oil reserves.
REGIONAL EQUITIES-BANGKOK, Sept 29 (Reuters) - Major Southeast Asian stock markets rose on Wednesday and looked set to post their biggest quarterly rise this year as investors bought more local assets to capitalise on the strong economic performance of the region.
The region rebounded after a mild correction in some markets on Tuesday as speculation that the U.S. Federal Reserve would renew its quantitative easing policy stimulated inflows, dealers said.
Singapore <.FTSTI> rose 0.3 percent, Malaysia <.KLSE> gained 0.2 percent, Indonesia <.JKSE> 0.7 percent and Thailand <.SETI> 1.1 percent. Bucking the trend, the Philippines <.PSI> fell 0.3 percent and Vietnam <.VNI> lost 0.5 percent.
A sharp run-up in share prices has left Southeast Asian valuations among the highest in Asia but has also prompted some caution lately, with expectations growing that economic activity in the region is starting to decelerate.
Singapore's GDP growth is forecast to fall to 4 percent in 2011 from 11 percent in 2010, Thailand's is seen at 4.0 percent versus 6.3 percent, and Malaysia's at 4.5 percent, down from 6.2 percent in 2010, it said in a note.
Singapore, Malaysia and Indonesia are poised for their biggest quarterly gain since the third quarter of last year, up 10 percent, 11.2 percent and 20 percent respectively.
The S&P 500 is up 9.1 percent in September, traditionally a weak month for stocks, as investors anticipate the Federal Reserve will take extra steps to spur economic activity. Still, the VIX futures show the options market has a very high level of skepticism about this rally.
The Dow Jones industrial average <.DJI> shed 22.86 points, or 0.21 percent, to 10,835.28. The Standard & Poor's 500 Index <.SPX> dipped 2.97 points, or 0.26 percent, to 1,144.73. The Nasdaq Composite Index <.IXIC> fell 3.03 points, or 0.13 percent, to 2,376.56.
NYMEX-NEW YORK, Sept 29 (Reuters) - U.S. crude oil futures prices rose more than 2 percent to a seven-week high on Wednesday after U.S. government oil inventory data showed crude oil and refined products stocks fell last week.
The weak dollar helped lift oil prices, which also got a technical boost when they pushed through the 200-day moving average of $77.51 for front-month crude. Strong heating oil futures also provided support.
On the New York Mercantile Exchange, November crude
CBOT-CHICAGO, Sept 29 (Reuters) - Chicago Board of Trade grain and soybean futures close on Wednesday.
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-JAKARTA, Sept 29 (Reuters) - Global vegetable oil markets fell on Wednesday after China said it would sell vegetable oil reserves and as an improving outlook for soy crops for crushing in South America depressed the market.
Markets had rallied strongly earlier this week as traders bet on top Asian buyers -- China and India -- snapping up more cargoes in the months to come, with Malaysian palm oil futures hitting their highest level since May 2009.
But on Wednesday, palm oil
China's most-active May 2011 palm oil futures
REGIONAL EQUITIES-BANGKOK, Sept 29 (Reuters) - Major Southeast Asian stock markets rose on Wednesday and looked set to post their biggest quarterly rise this year as investors bought more local assets to capitalise on the strong economic performance of the region.
The region rebounded after a mild correction in some markets on Tuesday as speculation that the U.S. Federal Reserve would renew its quantitative easing policy stimulated inflows, dealers said.
Singapore <.FTSTI> rose 0.3 percent, Malaysia <.KLSE> gained 0.2 percent, Indonesia <.JKSE> 0.7 percent and Thailand <.SETI> 1.1 percent. Bucking the trend, the Philippines <.PSI> fell 0.3 percent and Vietnam <.VNI> lost 0.5 percent.
A sharp run-up in share prices has left Southeast Asian valuations among the highest in Asia but has also prompted some caution lately, with expectations growing that economic activity in the region is starting to decelerate.
Singapore's GDP growth is forecast to fall to 4 percent in 2011 from 11 percent in 2010, Thailand's is seen at 4.0 percent versus 6.3 percent, and Malaysia's at 4.5 percent, down from 6.2 percent in 2010, it said in a note.
Singapore, Malaysia and Indonesia are poised for their biggest quarterly gain since the third quarter of last year, up 10 percent, 11.2 percent and 20 percent respectively.
Wednesday, September 29, 2010
Trader's Highlight
DJI-NEW YORK, Sept 28 (Reuters) - U.S. stocks rose on Tuesday as latecomers jumped onto the September bandwagon, buying up sectors that have outperformed during the month.
The S&P 500 has risen 9.4 percent so far in September, historically the worst month for stocks.
The Dow Jones industrial average <.DJI> gained 46.10 points, or 0.43 percent, to end at 10,858.14. The Standard & Poor's 500 Index <.SPX> rose 5.54 points, or 0.49 percent, to 1,147.70. The Nasdaq Composite Index <.IXIC> advanced 9.82 points, or 0.41 percent, to 2,379.59.
NYMEX-NEW YORK, Sept 28 (Reuters) - U.S. crude oil futures ended lower on Tuesday, prompted by a late sell-off after the front-month November contract failed to hurdle resistance at the previous day's high.
Before the sell-off, crude futures had recouped early session losses, spurred by a weakening of the dollar, which steered oil investors momentarily away from the greenback.
On the New York Mercantile Exchange, crude for November delivery settled down 34 cents, or 0.44 percent, at $76.18 a barrel, after trading from $75.53 to $77.12, inside Monday's range of $75.52 to $77.17.
CBOT-CHICAGO, Sept 28 (Reuters) - Chicago Board of Trade grain and soy complex close on Tuesday.
CBOT-SOYBEANS - November down 18-1/2 cents per bushel at $11.10 a bushel. Pressured by profit-taking after 13-month highs reached early on Monday and on the beginning harvest of a likely record large U.S. soybean crop.
CBOT-SOYOIL - October down 0.02 cent per lb at 44.56 cents per lb. Spillover pressure from falling soybeans but underpinned by unwinding of soymeal/soyoil spreads.
FCPO-JAKARTA/KUALA LUMPUR, Sept 28 (Reuters) - Global vegetable oil markets edged higher on Tuesday as investors bet on strong holiday demand from China and India.
Concerns that erratic weather will curb production of soybeans in South America and China as well as Canadian canola are also underpinning agriculture markets.
Malaysian palm oil ended up 0.2 percent but below a near 16-month high reached on Monday while U.S. October soyoil inched up during Asian hours, just below a two-year top hit the previous day.
China's most-active May 2011 palm olein futures fell 0.3 percent and May 2011soybean oil gained 0.7 percent.
REGIONAL EQUITIES-BANGKOK, Sept 28 (Reuters) - Indonesian shares posted small gains and set a new all-time high on Tuesday, helped by more foreign buying, but other markets in the region were flat to lower because of continuing worries about the global economy.
Indonesia's main share index <.JKSE> ended up 0.13 percent. Asia's second-best performer this year had earlier gained almost 2 percent to hit a record 3,524.32.
Singapore <.FTSTI> fell 0.5 percent, taking a breather after Monday's climb to 27-month highs. Malaysia <.KLSE> lost 0.35 percent, retreating from a 32-month peak last week, and Thailand <.SETI> drifted 0.3 percent lower after hitting a 14-year high earlier. Vietnam <.VNI>, bucking the trend, rose 1.1 percent.
The S&P 500 has risen 9.4 percent so far in September, historically the worst month for stocks.
The Dow Jones industrial average <.DJI> gained 46.10 points, or 0.43 percent, to end at 10,858.14. The Standard & Poor's 500 Index <.SPX> rose 5.54 points, or 0.49 percent, to 1,147.70. The Nasdaq Composite Index <.IXIC> advanced 9.82 points, or 0.41 percent, to 2,379.59.
NYMEX-NEW YORK, Sept 28 (Reuters) - U.S. crude oil futures ended lower on Tuesday, prompted by a late sell-off after the front-month November contract failed to hurdle resistance at the previous day's high.
Before the sell-off, crude futures had recouped early session losses, spurred by a weakening of the dollar, which steered oil investors momentarily away from the greenback.
On the New York Mercantile Exchange, crude for November delivery
CBOT-CHICAGO, Sept 28 (Reuters) - Chicago Board of Trade grain and soy complex close on Tuesday.
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-JAKARTA/KUALA LUMPUR, Sept 28 (Reuters) - Global vegetable oil markets edged higher on Tuesday as investors bet on strong holiday demand from China and India.
Concerns that erratic weather will curb production of soybeans in South America and China as well as Canadian canola are also underpinning agriculture markets.
Malaysian palm oil
China's most-active May 2011 palm olein futures
REGIONAL EQUITIES-BANGKOK, Sept 28 (Reuters) - Indonesian shares posted small gains and set a new all-time high on Tuesday, helped by more foreign buying, but other markets in the region were flat to lower because of continuing worries about the global economy.
Indonesia's main share index <.JKSE> ended up 0.13 percent. Asia's second-best performer this year had earlier gained almost 2 percent to hit a record 3,524.32.
Singapore <.FTSTI> fell 0.5 percent, taking a breather after Monday's climb to 27-month highs. Malaysia <.KLSE> lost 0.35 percent, retreating from a 32-month peak last week, and Thailand <.SETI> drifted 0.3 percent lower after hitting a 14-year high earlier. Vietnam <.VNI>, bucking the trend, rose 1.1 percent.
Tuesday, September 28, 2010
Trader's Highlight
DJI-NEW YORK, Sept 27 (Reuters) - U.S. stocks fell on Monday following four weeks of gains, but investors believe there is still upside as one of the best months for stocks in 20 years winds down.
The market declined despite a flurry of acquisitions, which normally signal that companies are seeing value in the market.
The Dow Jones industrial average <.DJI> was off 1.56 points, or 0.01 percent, at 10,858.70. The Standard & Poor's 500 Index <.SPX> fell 1.35 points, or 0.12 percent, to 1,147.32. The Nasdaq Composite Index <.IXIC> lost 1.94 points, or 0.08 percent, to 2,379.27.
NYMEX-NEW YORK, Sept 27 (Reuters) - U.S. crude oil futures recovered from sharp losses to end marginally higher on Monday, tracking Wall Street where major indexes at first dipped, turned higher, then traded little changed in late dealings.
Analysts said there is still hope for the upside as one of the best months in 20 years winds down for U.S. equities, an alternative indicator for economic trends and hence for oil demand.
On the New York Mercantile Exchange, crude for November delivery settled up 3 cents, or 0.04 percent, at $76.52 a barrel, after trading as low as $75.52. It rose as high as $77.17.
CBOT-CHICAGO, Sept 27 (Reuters) - CBOT grain and soy complex close on Monday:
CBOT-SOYBEANS - November up 2-1/2 cents at $11.28-1/2 a bushel. Market supported by dry weather in South America and talk China bought two cargoes of U.S. soy. Soy/corn spreading also supportive as soy turned cheap relative to corn late last week.
CBOT-SOYOIL - October up 0.10 cent per lb at 44.58 cents per lb. Firmer on strength in global vegoils markets; gaining against soymeal on oil/meal spreads.
FCPO-JAKARTA/KUALA LUMPUR, Sept 27 (Reuters) - Malaysian palm oil hit its highest level since May 2009 and other global vegetable oil markets rallied on Monday as traders bet on top buyers China and India snapping up more cargoes in the months to come.
An industry conference in Mumbai forecast that India will buy a record amount of vegetable oil in the new marketing year and China's Ministry of Commerce revised up its estimate for September soy imports.
The hunger for vegetable oils and grains has been fuelled by a weaker U.S. dollar and concerns that erratic weather across the globe will curb production of soybeans in the Americas and China as well as Canadian canola.
Malaysian palm oil rose 1.26 percent to close at 2,735 ringgit ($885) a tonne, after hitting the highest level since May 2009 by the midday break.
REGIONAL EQUITIES-BANGKOK, Sept 27 (Reuters) - The Indonesian and Philippine stock markets hit record highs on Monday and Thai stocks marked a 14-year high as positive sentiment from Wall Street boosted appetite for Southeast Asian equities.
The region's relatively strong economic performance continued to lure foreign investors. Indonesia has recorded $1.39 billion of foreign buying so far in the third quarter, three times higher than the previous quarter, Thomson Reuters data showed.
Thailand's SET index <.SETI> and the Philippines index <.PSI> both gained 1.1 percent on the day. Singapore <.FTSTI> rose 0.7 percent to a 27-month high and Malaysia <.KLSE> added almost 1 percent but was below a 32-month high.
In Singapore, property and financials rose, with Hongkong Land up 3.2 percent and City Developments up 2.8 percent. DBS , Southeast Asia's biggest lender, rose 1 percent.
The market declined despite a flurry of acquisitions, which normally signal that companies are seeing value in the market.
The Dow Jones industrial average <.DJI> was off 1.56 points, or 0.01 percent, at 10,858.70. The Standard & Poor's 500 Index <.SPX> fell 1.35 points, or 0.12 percent, to 1,147.32. The Nasdaq Composite Index <.IXIC> lost 1.94 points, or 0.08 percent, to 2,379.27.
NYMEX-NEW YORK, Sept 27 (Reuters) - U.S. crude oil futures recovered from sharp losses to end marginally higher on Monday, tracking Wall Street where major indexes at first dipped, turned higher, then traded little changed in late dealings.
Analysts said there is still hope for the upside as one of the best months in 20 years winds down for U.S. equities, an alternative indicator for economic trends and hence for oil demand.
On the New York Mercantile Exchange, crude for November delivery
CBOT-CHICAGO, Sept 27 (Reuters) - CBOT grain and soy complex close on Monday:
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-JAKARTA/KUALA LUMPUR, Sept 27 (Reuters) - Malaysian palm oil hit its highest level since May 2009 and other global vegetable oil markets rallied on Monday as traders bet on top buyers China and India snapping up more cargoes in the months to come.
An industry conference in Mumbai forecast that India will buy a record amount of vegetable oil in the new marketing year and China's Ministry of Commerce revised up its estimate for September soy imports.
The hunger for vegetable oils and grains has been fuelled by a weaker U.S. dollar and concerns that erratic weather across the globe will curb production of soybeans in the Americas and China as well as Canadian canola.
Malaysian palm oil
REGIONAL EQUITIES-BANGKOK, Sept 27 (Reuters) - The Indonesian and Philippine stock markets hit record highs on Monday and Thai stocks marked a 14-year high as positive sentiment from Wall Street boosted appetite for Southeast Asian equities.
The region's relatively strong economic performance continued to lure foreign investors. Indonesia has recorded $1.39 billion of foreign buying so far in the third quarter, three times higher than the previous quarter, Thomson Reuters data showed.
Thailand's SET index <.SETI> and the Philippines index <.PSI> both gained 1.1 percent on the day. Singapore <.FTSTI> rose 0.7 percent to a 27-month high and Malaysia <.KLSE> added almost 1 percent but was below a 32-month high.
In Singapore, property and financials rose, with Hongkong Land
Monday, September 27, 2010
Breaking News-RTRS-Soyoil, biofuels may lift crude palm oil - Mielke
MUMBAI, Sept 25 (Reuters) - Robust biofuel demand and firm soyoil prices may lift crude palm oil (CPO) prices by 11 percent to 3,000 ringgits per tonne in five months, a top industry analyst said on Saturday.
On Friday, Malaysia's benchmark palm oil futures rose by more than 1 percent to close at 2,701 ringgit ($871.8).
On Friday, Malaysia's benchmark palm oil futures
Breaking News-RTRS-Palm oil to rise by Jan after weak Oct-Mistry
MUMBAI, Sept 26 (Reuters) - Malaysian crude palm oil futures could rise at least 11 percent to 3,000-3,200 ringitt per tonne by January as demand strengthens but prices may weaken slightly next month as output and stocks rise, top analyst Dorab Mistry said.
Crude palm oil production would recover in October and Malaysia's month-end stocks would swell, he said on Sunday, suggesting that Malaysia's benchmark palm oil futures, which closed at 2,701 ringgit ($871.8) on Friday, would weaken.
Crude palm oil production would recover in October and Malaysia's month-end stocks would swell, he said on Sunday, suggesting that Malaysia's benchmark palm oil futures, which closed at 2,701 ringgit ($871.8) on Friday, would weaken.
Trader's Highlight
DJI-NEW YORK, Sept 24 (Reuters) - U.S. stocks notched their fourth week of gains on Friday as investors used a rise in business spending to revive the September rally after three days of losses.
Economic data gave a mixed picture, but traders latched on to a rise in August business spending as the latest sign the recovery is on firmer ground. That seemed to trump a lackluster report on new home sales in August.
The Dow Jones industrial average <.DJI> was up 197.84 points, or 1.86 percent, at 10,860.26. The Standard & Poor's 500 Index <.SPX> finished up 23.82 points, or 2.12 percent, at 1,148.65. The Nasdaq Composite Index <.IXIC> was up 54.14 points, or 2.33 percent, at 2,381.22.
NYMEX-NEW YORK, Sept 24 (Reuters) - U.S. crude oil prices rose on Friday, posting their biggest weekly gain in two months as the dollar slid and investors remained expectant that the Federal Reserve could pump billions of dollars into the U.S. financial system to support a faltering economic recovery.
Also boosting oil was a surprise rise in Germany's Ifo index of business sentiment [ID:nLDE68N0L3] and rallying U.S. equities markets as investors latched on to a rebound in business spending and steady August home sales.
On the New York Mercantile Exchange, November crude rose $1.31, or 1.74 percent, to settle at $76.49 a barrel, trading from $74.66 to $76.68, highest intraday price since $77.99 was struck on Sept. 14.
CBOT-CHICAGO, Sept 24 (Reuters) - Chicago Board of Trade grain and soy complex close on Friday.
CBOT-SOYBEANS - November up 32-1/2 cents at $11.26 a bushel. Burst above $11 a bushel on the way to a one-year high, buoyed by strength in soyoil, a drop in the dollar, brisk export sales of U.S. soybean to China, and an analyst outlook for soy to rally to $12 per bushel. Harvest delays in northwest Midwest add support.
CBOT-SOYOIL - October up 0.97 cent at 44.48 cents per lb. Front-month contract rose to a near two-year high on continuous price charts as weakness in the dollar lifted most commodities, including crude oil.
FCPO-KUALA LUMPUR, Sept 24 (Reuters) - Global vegetable oil futures rose on Friday as traders took positions hoping for a revival in overseas demand ahead of a key industry conference.
Prospects for record vegetable oil imports by India and the impact on the international price of vegetable oil will be key themes at an international conference in Mumbai that begins later on Friday.
India, which overtook China as the world's No. 1 edible oil importer in 2009, is likely to buy a record 9 million tonnes of the commodity, used mainly to cook food, in the year to October, up from 8.7 million tonnes in the previous year.
Malaysia's benchmark palm oil futures rose by more than 1 percent to close at 2,701 ringgit ($871.8), while U.S. soyoil rose 0.7 percent.
Industry analysts Dorab Mistry from Godrej International, Oil World's editor in chief Thomas Mielke and LMC International's James Fry will present their views at the meet.
Financial markets in China were shut most of this week for the Mid-Autumn festival and will resume on Monday, but closes again for another holiday next Friday.
REGIONAL EQUITIES-COLOMBO, Sept 24 (Reuters) - The Indonesian stock market hit a record closing high on Friday, turning round from four straight falls in the week as foreign investors returned, a factor that also boosted the Philippines and Thailand.
Indonesia <.JKSE>, the region's best performer for the year with a 34 percent gain, jumped 1.8 percent to a record closing high of 3,397.63.
Southeast Asia's largest economy saw a net inflow of $62 million, compared to an outflow of $19.3 million the previous session, Thomson Reuters data showed.
Both Singapore <.FTSTI> and the Philippines gained 0.3 percent, while Thailand <.SETI> added 0.5 percent, hitting a 14-year closing high.
Bucking the trend, Malaysia <.KLSE> fell 0.5 percent to a two-week low and Vietnam <.VNI> edged down 0.2 percent.
In Singapore, shares in commodity trader Olam International which is in merger talks with French group Louis Dreyfus, one of the world's top commodity traders, jumped 6.8 percent.
Economic data gave a mixed picture, but traders latched on to a rise in August business spending as the latest sign the recovery is on firmer ground. That seemed to trump a lackluster report on new home sales in August.
The Dow Jones industrial average <.DJI> was up 197.84 points, or 1.86 percent, at 10,860.26. The Standard & Poor's 500 Index <.SPX> finished up 23.82 points, or 2.12 percent, at 1,148.65. The Nasdaq Composite Index <.IXIC> was up 54.14 points, or 2.33 percent, at 2,381.22.
NYMEX-NEW YORK, Sept 24 (Reuters) - U.S. crude oil prices rose on Friday, posting their biggest weekly gain in two months as the dollar slid and investors remained expectant that the Federal Reserve could pump billions of dollars into the U.S. financial system to support a faltering economic recovery.
Also boosting oil was a surprise rise in Germany's Ifo index of business sentiment [ID:nLDE68N0L3] and rallying U.S. equities markets as investors latched on to a rebound in business spending and steady August home sales.
On the New York Mercantile Exchange, November crude
CBOT-CHICAGO, Sept 24 (Reuters) - Chicago Board of Trade grain and soy complex close on Friday.
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-KUALA LUMPUR, Sept 24 (Reuters) - Global vegetable oil futures rose on Friday as traders took positions hoping for a revival in overseas demand ahead of a key industry conference.
Prospects for record vegetable oil imports by India and the impact on the international price of vegetable oil will be key themes at an international conference in Mumbai that begins later on Friday.
India, which overtook China as the world's No. 1 edible oil importer in 2009, is likely to buy a record 9 million tonnes of the commodity, used mainly to cook food, in the year to October, up from 8.7 million tonnes in the previous year.
Malaysia's benchmark palm oil futures
Industry analysts Dorab Mistry from Godrej International, Oil World's editor in chief Thomas Mielke and LMC International's James Fry will present their views at the meet.
Financial markets in China were shut most of this week for the Mid-Autumn festival and will resume on Monday, but closes again for another holiday next Friday.
REGIONAL EQUITIES-COLOMBO, Sept 24 (Reuters) - The Indonesian stock market hit a record closing high on Friday, turning round from four straight falls in the week as foreign investors returned, a factor that also boosted the Philippines and Thailand.
Indonesia <.JKSE>, the region's best performer for the year with a 34 percent gain, jumped 1.8 percent to a record closing high of 3,397.63.
Southeast Asia's largest economy saw a net inflow of $62 million, compared to an outflow of $19.3 million the previous session, Thomson Reuters data showed.
Both Singapore <.FTSTI> and the Philippines gained 0.3 percent, while Thailand <.SETI> added 0.5 percent, hitting a 14-year closing high.
Bucking the trend, Malaysia <.KLSE> fell 0.5 percent to a two-week low and Vietnam <.VNI> edged down 0.2 percent.
In Singapore, shares in commodity trader Olam International
Friday, September 24, 2010
Trader's Highlight
DJI-NEW YORK, Sept 23 (Reuters) - U.S. stocks fell on Thursday
after a weak reading on the labor market dropped stocks through a key technical level, validating the worries of those who thought the recent rally was flimsy.
Major indexes were little changed for most of the day before the S&P 500 broke below 1,130, the high end of the summer's trading range. Investors had hoped that the level would hold despite low trading volume, which raised questions about the rally's stamina.
The Dow Jones industrial average <.DJI> ended down 76.89 points, or 0.72 percent, at 10,662.42. The Standard & Poor's 500 Index <.SPX> finished down 9.45 points, or 0.83 percent, at 1,124.83. The Nasdaq Composite Index <.IXIC> fell 7.47 points, or 0.32 percent, at 2,327.08.
NYMEX-NEW YORK, Sept 23 (Reuters) - U.S. crude oil futures prices ended higher on units being shut at a key Northeast refinery, lifting crude futures from earlier losses.
Both oil futures and equities markets saw choppy trading as investors digested mixed economic data.
On the New York Mercantile Exchange, November crude rose 47 cents, or 0.62 percent, to settle at $75.18 a barrel, trading from $73.58 to $75.61.
CBOT-CHICAGO, Sept 23 (Reuters) - Chicago Board of Trade grain and soy complex close on Thursday.
CBOT-SOYBEANS - November up 5 cents per bushel at $10.93-1/2 a bushel. Rallied after Informa Economics cut its estimate of U.S. 2010 soy plantings. Strong weekly soy export sales, a larger-than-expected U.S. Census August soy crush number and harvest delays in western U.S. Midwest add support.
CBOT-SOYOIL - October up 0.64 cent per lb at 43.51 cents per lb. Gaining against soymeal on oil/meal spreads. U.S. soyoil exports large but in line with estimates.
FCPO-KUALA LUMPUR, Sept 23 (Reuters) - Global vegetable oil markets made a little headway on Thursday on concerns over erratic weather curbing grain harvests across the globe.
Traders are shifting their focus to a strengthening weather formation known as La Nina, which may affect the upcoming South American growing season for wheat, corn and soybeans.
China's financial markets were shut this week for the Mid-Autumn festival, giving few cues for vegetable markets. Chicago soyoil for October climbed 0.6 percent in tandem with gains in the soy complex during Asian hours.
Malaysia's benchmark palm oil futures barely moved in thin trade on Thursday, as traders awaited signs of demand from the world's No. 2 vegetable oil buyer, China, when a cargo surveyor unveils Malaysian palm oil exports over the weekend.
REGIONAL EQUITIES-BANGKOK, Sept 23 (Reuters) - Most Southeast Asian stock markets fell on Thursday as investors took profits on recent gains, but Thailand and the Philippines rose, helped by continued foreign demand.
Most share markets failed to hold their early gains and interest was patchy, with market holidays in China <.SSEC>, Japan <.N225> and elsewhere in Asia.
The MSCI index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was down 0.1 percent at 1001 GMT.
Singapore's index <.FTSTI> ended down 0.42 percent, slipping from a 27-month high set the previous day. Malaysia <.KLSE> dropped 1.1 percent, Indonesia <.JKSE> eased 0.2 percent and Vietnam <.VNI> fell 0.7 percent, each to around a one-week low.
Among losers in the region, Singapore casino operator Genting Singapore Plc fell 1.4 percent and its Malaysian-listed Genting Malaysia Bhd lost 4.3 percent. Both hit a record high this week.
after a weak reading on the labor market dropped stocks through a key technical level, validating the worries of those who thought the recent rally was flimsy.
Major indexes were little changed for most of the day before the S&P 500 broke below 1,130, the high end of the summer's trading range. Investors had hoped that the level would hold despite low trading volume, which raised questions about the rally's stamina.
The Dow Jones industrial average <.DJI> ended down 76.89 points, or 0.72 percent, at 10,662.42. The Standard & Poor's 500 Index <.SPX> finished down 9.45 points, or 0.83 percent, at 1,124.83. The Nasdaq Composite Index <.IXIC> fell 7.47 points, or 0.32 percent, at 2,327.08.
NYMEX-NEW YORK, Sept 23 (Reuters) - U.S. crude oil futures prices ended higher on units being shut at a key Northeast refinery, lifting crude futures from earlier losses.
Both oil futures and equities markets saw choppy trading as investors digested mixed economic data.
On the New York Mercantile Exchange, November crude
CBOT-CHICAGO, Sept 23 (Reuters) - Chicago Board of Trade grain and soy complex close on Thursday.
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-KUALA LUMPUR, Sept 23 (Reuters) - Global vegetable oil markets made a little headway on Thursday on concerns over erratic weather curbing grain harvests across the globe.
Traders are shifting their focus to a strengthening weather formation known as La Nina, which may affect the upcoming South American growing season for wheat, corn and soybeans.
China's financial markets were shut this week for the Mid-Autumn festival, giving few cues for vegetable markets. Chicago soyoil for October
Malaysia's benchmark palm oil futures
REGIONAL EQUITIES-BANGKOK, Sept 23 (Reuters) - Most Southeast Asian stock markets fell on Thursday as investors took profits on recent gains, but Thailand and the Philippines rose, helped by continued foreign demand.
Most share markets failed to hold their early gains and interest was patchy, with market holidays in China <.SSEC>, Japan <.N225> and elsewhere in Asia.
The MSCI index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was down 0.1 percent at 1001 GMT.
Singapore's index <.FTSTI> ended down 0.42 percent, slipping from a 27-month high set the previous day. Malaysia <.KLSE> dropped 1.1 percent, Indonesia <.JKSE> eased 0.2 percent and Vietnam <.VNI> fell 0.7 percent, each to around a one-week low.
Among losers in the region, Singapore casino operator Genting Singapore Plc
Thursday, September 23, 2010
Breaking News-RTRS-India unlikely to tax crude veg oil imports-Mistry
NEW DELHI, Sept 22 (Reuters) - India is likely to continue with tax-free imports of crude vegetable oils despite record purchases and mounting pressure from refiners to curb overseas supplies, a widely respected analyst said on Wednesday.
India, the world's biggest edible oil importer, bought a record 1.06 million tonnes in August, 64 percent higher than a year ago. Purchases since the beginning of the year in November are up 5 percent at 7.45 million tonnes.
Alarmed by all-time high imports, leading trade and industry bodies have repeatedly requested that the government levy a tax to discourage imports.
India, the world's biggest edible oil importer, bought a record 1.06 million tonnes in August, 64 percent higher than a year ago. Purchases since the beginning of the year in November are up 5 percent at 7.45 million tonnes.
Alarmed by all-time high imports, leading trade and industry bodies have repeatedly requested that the government levy a tax to discourage imports.
Trader's Highlight
DJI-NEW YORK, Sept 22 (Reuters) - U.S. stocks slipped on Wednesday, ending the Dow's five-day winning streak, following Adobe's discouraging revenue outlook and investors' disappointment over Microsoft's new dividend.
Investors also weighed the impact of the Federal Reserve's statement on Tuesday, which indicated the central bank was edging closer to pumping hundreds of billions of new dollars to stimulate the sluggish economy.
The Dow Jones industrial average <.DJI> dipped 21.72 points, or 0.20 percent, to 10,739.31. The Standard & Poor's 500 Index <.SPX> slipped 5.50 points, or 0.48 percent, to 1,134.28. The Nasdaq Composite Index <.IXIC> lost 14.80 points, or 0.63 percent, to 2,334.55.
NYMEX-NEW YORK, Sept 22 (Reuters) - U.S. crude oil futures prices slipped on Wednesday after a government report showed U.S. oil inventories rose, offsetting earlier lift from a weak dollar hammered by expectations that the Federal Reserve is prepared to pump billions of dollars into the weak economy.
U.S. oil demand remained sluggish and crude oil stockpiles rose last week despite expectations that a shut pipeline carrying Canadian crude to the United States would curb imports, a report from the U.S. Energy Information Agency showed.
On the New York Mercantile Exchange, November crude fell 26 cents, or 0.35 percent, to settle at $74.71 barrel, trading from $73.84 to $76.
CBOT-CHICAGO, Sept 22 (Reuters) - Chicago Board of Trade grain and soy complex close on Wednesday.
CBOT-SOYBEANS - November up 8-1/2 cents at $10.88-1/2 a bushel. Large sale of U.S. soy to China and some concern about dryness in South America that may slow soy seedings lift the market but gains limited by profit-taking.
CBOT-SOYOIL - October up 0.45 cent at 42.87 cents per lb.
FCPO-KUALA LUMPUR, Sept 22 (Reuters) - Malaysian palm oil and its rival U.S. soyoil recorded small gains on Wednesday as traders waited for more news on weather in key grain producing regions in the Americas and Asia.
Chinese financial markets are closed for the rest of this week, giving few cues to vegetable oil trade.
Malaysia's benchmark December palm oil contract inched up 0.1 percent to close at 2,673 ringgit ($864.7) in choppy trade in Asian trade hours, and Chicago soyoil for October climbed 0.6 percent.
A dry winter in Latin America has delayed soy plantings, possibly leading to slow harvests and tight supplies for crushing into soyoil. Erratic weather in the U.S. and ongoing reports of low corn yields have helped lift global agriculture markets.
REGIONAL EQUITIES-BANGKOK, Sept 22 (Reuters) - Most Southeast Asian stock markets fell on Wednesday as investors cashed in early gains in big-caps amid concern about the sustainability of the global economic recovery.
Despite the weakness, several markets pulled in more foreign money as international investors looked to Asia for returns from equities, especially after the U.S. Federal Reserve hinted it might take further steps to boost the U.S. economy.
Weak indications from European and U.S. markets helped fuel late selling, traders said, with European shares <.FTEU3> extending losses to 1.2 percent by 0956 GMT and U.S. stock futures <.DJZ0> pointing to a lower start, down 0.19 percent.
The Straits Times Index <.FTSTI> ended flat, coming off a 27-month high. Malaysia's main share index <.KLSE> fell 0.08 percent, having hit a 32-month high, while Indonesia <.JKSE> fell 0.6 percent, after setting a record high on Tuesday.
Investors also weighed the impact of the Federal Reserve's statement on Tuesday, which indicated the central bank was edging closer to pumping hundreds of billions of new dollars to stimulate the sluggish economy.
The Dow Jones industrial average <.DJI> dipped 21.72 points, or 0.20 percent, to 10,739.31. The Standard & Poor's 500 Index <.SPX> slipped 5.50 points, or 0.48 percent, to 1,134.28. The Nasdaq Composite Index <.IXIC> lost 14.80 points, or 0.63 percent, to 2,334.55.
NYMEX-NEW YORK, Sept 22 (Reuters) - U.S. crude oil futures prices slipped on Wednesday after a government report showed U.S. oil inventories rose, offsetting earlier lift from a weak dollar hammered by expectations that the Federal Reserve is prepared to pump billions of dollars into the weak economy.
U.S. oil demand remained sluggish and crude oil stockpiles rose last week despite expectations that a shut pipeline carrying Canadian crude to the United States would curb imports, a report from the U.S. Energy Information Agency showed.
On the New York Mercantile Exchange, November crude
CBOT-CHICAGO, Sept 22 (Reuters) - Chicago Board of Trade grain and soy complex close on Wednesday.
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-KUALA LUMPUR, Sept 22 (Reuters) - Malaysian palm oil and its rival U.S. soyoil recorded small gains on Wednesday as traders waited for more news on weather in key grain producing regions in the Americas and Asia.
Chinese financial markets are closed for the rest of this week, giving few cues to vegetable oil trade.
Malaysia's benchmark December palm oil contract
A dry winter in Latin America has delayed soy plantings, possibly leading to slow harvests and tight supplies for crushing into soyoil. Erratic weather in the U.S. and ongoing reports of low corn yields have helped lift global agriculture markets.
REGIONAL EQUITIES-BANGKOK, Sept 22 (Reuters) - Most Southeast Asian stock markets fell on Wednesday as investors cashed in early gains in big-caps amid concern about the sustainability of the global economic recovery.
Despite the weakness, several markets pulled in more foreign money as international investors looked to Asia for returns from equities, especially after the U.S. Federal Reserve hinted it might take further steps to boost the U.S. economy.
Weak indications from European and U.S. markets helped fuel late selling, traders said, with European shares <.FTEU3> extending losses to 1.2 percent by 0956 GMT and U.S. stock futures <.DJZ0> pointing to a lower start, down 0.19 percent.
The Straits Times Index <.FTSTI> ended flat, coming off a 27-month high. Malaysia's main share index <.KLSE> fell 0.08 percent, having hit a 32-month high, while Indonesia <.JKSE> fell 0.6 percent, after setting a record high on Tuesday.
Wednesday, September 22, 2010
Breaking News-RTRS-Oil World sees ample global soybean supplies
HAMBURG, Sept 21 (Reuters) - Global soybean supplies in the new 2010/11 season are likely to be ample with a smaller crop still exceeding consumption and weaker prices likely, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Oil World has raised its forecast of the global 2010/11 soybean crop by 1.7 million tonnes from its previous August estimate to 258.92 million tonnes, above forecast global consumption of 256.40 million tonnes.
This would still be down from last year's record crop of 260.64 million tonnes while consumption will grow from 237.8 million tonnes last season.
Oil World has raised its forecast of the global 2010/11 soybean crop by 1.7 million tonnes from its previous August estimate to 258.92 million tonnes, above forecast global consumption of 256.40 million tonnes.
This would still be down from last year's record crop of 260.64 million tonnes while consumption will grow from 237.8 million tonnes last season.
Breaking News-RTRS-Biofuels to keep edible oil supply tight-Oil World
HAMBURG, Sept 21 (Reuters) - Rising global biofuel production will keep global vegetable oil supplies tight in coming months, possibly keeping prices high, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Trader's Highlight
DJI-NEW YORK, Sept 21 (Reuters) - U.S. stocks slipped on Tuesday as caution before the results of the Federal Reserve's monetary policy meeting kept traders on the sidelines after the S&P 500 broke out of a trading range in the prior session.
After the Fed's August meeting, the U.S. central bank issued a bleak assessment of the economy and the S&P 500 tumbled more 4 percent over the next four days. Investors are hoping that improved economic data since then will mean a more upbeat outlook.
The Dow Jones industrial average <.DJI> edged 17.37 points, or 0.16 percent, lower to 10,736.25. The Standard & Poor's 500 Index <.SPX> fell 4.08 points, or 0.36 percent, to 1,138.63. The Nasdaq Composite Index <.IXIC> slipped 6.97 points, or 0.30percent, to 2,348.86.
NYMEX-NEW YORK, Sept 21 (Reuters) - U.S. crude oil prices fell for the fifth time in six days on Tuesday, sliding amid high oil inventories and the Federal Reserve's continued concern about sluggish economic recovery.
The front-month October crude contract expired on Tuesday, helping keep pressure on the front month and nearby months, industry sources said.
On the New York Mercantile Exchange, expiring October crude fell $1.34, or 1.79 percent, to settle at $73.52 a barrel, trading from $72.81 to $74.60.
CBOT-CHICAGO, Sept 21 (Reuters) - Chicago Board of Trade grain and soy complex close on Tuesday.
CBOT-SOYBEANS - November down 4-1/2 cents per bushel at $10.80 a bushel. Profit-taking after Monday's rally to a one-year high. Underpinned by dryness in South America and an additional sale of U.S. soy to China.
CBOT-SOYOIL - October down 0.23 cent per lb at 42.42 cents per lb. Profit-taking and pressure from lower crude oil.
FCPO-KUALA LUMPUR, Sept 21 (Reuters) - Most vegetable oil prices dipped on Tuesday as traders booked some profits after concerns of dry weather in the Americas and frost in China and Canada drove markets up the previous day.
Malaysia's December palm oil dropped 1.3 percent to close at 2,674 Malaysian ringgit, easing from a five-week high on Monday.
The most active May soyoil contract on China's Dalian Commodity Exchange fell 0.2 percent after touching a record high the previous day.
REGIONAL EQUITIES-COLOMBO, Sept 21 (Reuters) - The Philippine stock market hit another record high on Tuesday, led by demand for telecom shares
due to optimism about their earnings, while Thailand rose 1.5
percent, helped by continued foreign buying.
Asian stock markets overall were subdued ahead of a U.S. Federal Reserve interest rate review later in the day but with a firmer bias after a positive lead from Wall Street overnight. The MSCI index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was up 0.6 percent at 1016 GMT.
Malaysia <.KLSE> gained 0.4 percent, while Singapore's Straits Times Index <.FTSTI> gained 0.5 percent to hit a 27-month high.
Shares in commodities firm Noble Group rose 8.4 percent after it agreed to acquire a U.S.-based energy retailer for $317 million.
Shipbuilder JES International surged 56.5 percent to a 26-month high after DBS Vickers initiated coverage of the firm with a "buy" rating.
After the Fed's August meeting, the U.S. central bank issued a bleak assessment of the economy and the S&P 500 tumbled more 4 percent over the next four days. Investors are hoping that improved economic data since then will mean a more upbeat outlook.
The Dow Jones industrial average <.DJI> edged 17.37 points, or 0.16 percent, lower to 10,736.25. The Standard & Poor's 500 Index <.SPX> fell 4.08 points, or 0.36 percent, to 1,138.63. The Nasdaq Composite Index <.IXIC> slipped 6.97 points, or 0.30percent, to 2,348.86.
NYMEX-NEW YORK, Sept 21 (Reuters) - U.S. crude oil prices fell for the fifth time in six days on Tuesday, sliding amid high oil inventories and the Federal Reserve's continued concern about sluggish economic recovery.
The front-month October crude contract expired on Tuesday, helping keep pressure on the front month and nearby months, industry sources said.
On the New York Mercantile Exchange, expiring October crude
CBOT-CHICAGO, Sept 21 (Reuters) - Chicago Board of Trade grain and soy complex close on Tuesday.
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-KUALA LUMPUR, Sept 21 (Reuters) - Most vegetable oil prices dipped on Tuesday as traders booked some profits after concerns of dry weather in the Americas and frost in China and Canada drove markets up the previous day.
Malaysia's December palm oil
The most active May soyoil contract
REGIONAL EQUITIES-COLOMBO, Sept 21 (Reuters) - The Philippine stock market hit another record high on Tuesday, led by demand for telecom shares
due to optimism about their earnings, while Thailand rose 1.5
percent, helped by continued foreign buying.
Asian stock markets overall were subdued ahead of a U.S. Federal Reserve interest rate review later in the day but with a firmer bias after a positive lead from Wall Street overnight. The MSCI index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was up 0.6 percent at 1016 GMT.
Malaysia <.KLSE> gained 0.4 percent, while Singapore's Straits Times Index <.FTSTI> gained 0.5 percent to hit a 27-month high.
Shares in commodities firm Noble Group
Shipbuilder JES International
Tuesday, September 21, 2010
Trader's Highlight
DJI-NEW YORK, Sept 20 (Reuters) - The S&P 500 <.SPX> hit a four-month high and pushed through a pair of resistance levels on Monday, driving more traders into the market and extending the month's gains.
The S&P 500 has struggled to make a sustained move above 1,130 since June, most recently making an intraday break through it on Friday. Some traders expect a breakout if the index holds above the level on solid volume.
The Dow Jones industrial average <.DJI> was up 133.96 points, or 1.26 percent, at 10,741.81. The Standard & Poor's 500 Index <.SPX> was up 14.89 points, or 1.32 percent, at 1,140.48. The Nasdaq Composite Index <.IXIC> was up 32.54 points, or 1.41percent, at 2,348.15.
NYMEX-NEW YORK, Sept 20 (Reuters) - U.S. crude oil prices rose on Monday, snapping a string of four consecutive lower settlements, and tracking broad gains in equity markets that were lifted by optimism about the strength of the economic recovery.
Oil prices also received a lift from an expected drop in crude oil inventories in the United States following the outage last week on one of the main pipelines delivering crude from Canada.
On the New York Mercantile Exchange, October crude rose $1.20, or 1.63 percent, to settle at $74.86 a barrel, trading from $73.32 to $75.45.
CBOT-CHICAGO, Sept 20 (Reuters) - Chicago Board of Trade grain and soy complex close on Monday.
CBOT-SOYBEANS - November up 15-1/2 cents per bushel at $10.84-1/2 a bushel. Hit a one-year high on concerns about dryness in portions of South America's crop region, a freeze in Canada that may have harmed immature canola, and a freeze in China. China's Dalian soy and corn markets were up sharply.
CBOT-SOYOIL - October up 0.74 cent at 42.65 cents per lb. Following strength in soybeans.
FCPO-KUALA LUMPUR, Sept 20 (Reuters) - Global vegetable oil markets surged on Monday as investors took positions on concerns a dry spell may curb grain output in the Americas.
Agriculture markets have been moving higher on concerns erratic weather across the globe will limit supplies for the food sector, potentially stoking inflation in China.
The most active May soyoil contract on China's Dalian Commodity Exchange hit a fresh record and RBD palm olein futures jumped as much as 3.8 percent ahead of China's long holidays that start on Wednesday.
The benchmark December crude palm oil contract on Bursa Malaysia closed 81ringgit higher at 2,720 ringgit ($876.5) after hitting five-week highs earlier in the session. U.S. soyoil for October delivery climbed 2 percent.
REGIONAL EQUITIES-BANGKOK, Sept 20 (Reuters) - Philippine stocks hit another all-time high on Monday as optimism over earnings pushed banks up, but other markets in the region were mixed ahead of a U.S. Federal Reserve meeting on Tuesday to review interest rates.
The Philippine share index <.PSI> finished 1.9 percent higher at the day's high of 4,053.32 and the market saw $44 million of foreign money flow in, the biggest daily inflows in a week, Thomson Reuters data showed.
Singapore's Straits Times Index <.FTSTI> inched up 0.15 percent, erasing some of its early gains to close below recent 27-month highs, but Malaysia <.KLSE> rose 0.19 percent, although below a 32-month peak hit last week.
The S&P 500 has struggled to make a sustained move above 1,130 since June, most recently making an intraday break through it on Friday. Some traders expect a breakout if the index holds above the level on solid volume.
The Dow Jones industrial average <.DJI> was up 133.96 points, or 1.26 percent, at 10,741.81. The Standard & Poor's 500 Index <.SPX> was up 14.89 points, or 1.32 percent, at 1,140.48. The Nasdaq Composite Index <.IXIC> was up 32.54 points, or 1.41percent, at 2,348.15.
NYMEX-NEW YORK, Sept 20 (Reuters) - U.S. crude oil prices rose on Monday, snapping a string of four consecutive lower settlements, and tracking broad gains in equity markets that were lifted by optimism about the strength of the economic recovery.
Oil prices also received a lift from an expected drop in crude oil inventories in the United States following the outage last week on one of the main pipelines delivering crude from Canada.
On the New York Mercantile Exchange, October crude
CBOT-CHICAGO, Sept 20 (Reuters) - Chicago Board of Trade grain and soy complex close on Monday.
CBOT-SOYBEANS - November
CBOT-SOYOIL - October
FCPO-KUALA LUMPUR, Sept 20 (Reuters) - Global vegetable oil markets surged on Monday as investors took positions on concerns a dry spell may curb grain output in the Americas.
Agriculture markets have been moving higher on concerns erratic weather across the globe will limit supplies for the food sector, potentially stoking inflation in China.
The most active May soyoil contract
The benchmark December crude palm oil contract
REGIONAL EQUITIES-BANGKOK, Sept 20 (Reuters) - Philippine stocks hit another all-time high on Monday as optimism over earnings pushed banks up, but other markets in the region were mixed ahead of a U.S. Federal Reserve meeting on Tuesday to review interest rates.
The Philippine share index <.PSI> finished 1.9 percent higher at the day's high of 4,053.32 and the market saw $44 million of foreign money flow in, the biggest daily inflows in a week, Thomson Reuters data showed.
Singapore's Straits Times Index <.FTSTI> inched up 0.15 percent, erasing some of its early gains to close below recent 27-month highs, but Malaysia <.KLSE> rose 0.19 percent, although below a 32-month peak hit last week.
Monday, September 20, 2010
Trader's Highlight
DJI-NEW YORK, Sept 17 (Reuters) - Global stocks wavered and oil prices sank on Friday after a worse-than-expected reading of U.S. consumer sentiment pricked optimism over upbeat earnings from Oracle, while gold prices hit a third high for the week.
The Dow Jones industrial average <.DJI> closed up 13.02 points, or 0.12 percent, at 10,607.85. The Standard & Poor's 500 Index <.SPX> added 0.93 point, or 0.08 percent, to 1,125.59. The Nasdaq Composite Index <.IXIC> climbed 12.36 points, or 0.54 percent, to 2,315.61.
NYMEX-NEW YORK, Sept 17 (Reuters) - U.S. crude oil futures ended lower for a fourth day on Friday, posting the biggest weekly percentage loss in five weeks, as downbeat consumer sentiment shown in a poll stoked fresh concerns about oil demand.
On the New York Mercantile Exchange, crude for October delivery settled down 91 cents, or 1.22 percent, at $73.66 a barrel, after trading from $72.75 to $75.25.
CBOT- CHICAGO, Sept 17 (Reuters) - Chicago Board of Trade grain and soy complex close on Friday.
CBOT-SOYBEANS - November up 32-3/4 cents at $10.69 per bushel. Climbed to highest spot soy price in a month on continuous price charts, buoyed by strength in corn and technical buying. Worries about dryness in northern Brazil, frost in Canada's Alberta canola region and forecasts for frost in northeast China add support. Drier weather in the U.S. south and in the Delta will favor harvest activity and also buoy prospects for winter wheat seeding.
CBOT -SOYOIL - October up 0.55 cent at 41.91 cents per lb. Following soybeans higher.
FCPO-KUALA LUMPUR, Sept 17 (Reuters) - Malaysian crude palm oil futures gained 1.2 percent on Friday after touching a near two-week low earlier in the day as a surge in corn prices spread to other agriculture commodities.
The benchmark December crude palm oil contract on Bursa Malaysia Derivatives Exchange rose 31 ringgit to settle at 2,627 ringgit ($843.1) per tonne after falling to 2,598 ringgit -- a level unseen since Sept. 6.
REGIONAL EQUITIES-BANGKOK, Sept 17 (Reuters) - Indonesian stocks hit an all-time high on Friday on strong blue chips and commodity shares, while the rest of Southeat Asia ended mixed after a strong week marked by brisk foreign buying.
Singapore <.FTSTI> fell 0.4 percent but still hovered near a two-year high. Malaysia <.KLSE> edged 0.13 percent lower but at one point touched its highest in 2-½ years. Thailand <.SETI> lost 0.13 percent and the Phillippines <.PSI> shed 0.7 percent after an early rise to a record high.
The Dow Jones industrial average <.DJI> closed up 13.02 points, or 0.12 percent, at 10,607.85. The Standard & Poor's 500 Index <.SPX> added 0.93 point, or 0.08 percent, to 1,125.59. The Nasdaq Composite Index <.IXIC> climbed 12.36 points, or 0.54 percent, to 2,315.61.
NYMEX-NEW YORK, Sept 17 (Reuters) - U.S. crude oil futures ended lower for a fourth day on Friday, posting the biggest weekly percentage loss in five weeks, as downbeat consumer sentiment shown in a poll stoked fresh concerns about oil demand.
On the New York Mercantile Exchange, crude for October delivery
CBOT- CHICAGO, Sept 17 (Reuters) - Chicago Board of Trade grain and soy complex close on Friday.
CBOT-SOYBEANS - November
CBOT -SOYOIL - October
FCPO-KUALA LUMPUR, Sept 17 (Reuters) - Malaysian crude palm oil futures gained 1.2 percent on Friday after touching a near two-week low earlier in the day as a surge in corn prices spread to other agriculture commodities.
The benchmark December crude palm oil contract
REGIONAL EQUITIES-BANGKOK, Sept 17 (Reuters) - Indonesian stocks hit an all-time high on Friday on strong blue chips and commodity shares, while the rest of Southeat Asia ended mixed after a strong week marked by brisk foreign buying.
Singapore <.FTSTI> fell 0.4 percent but still hovered near a two-year high. Malaysia <.KLSE> edged 0.13 percent lower but at one point touched its highest in 2-½ years. Thailand <.SETI> lost 0.13 percent and the Phillippines <.PSI> shed 0.7 percent after an early rise to a record high.
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