Palm oil/Vegoils: Market factors to watch Sept 17 Wednesday

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday.

* Malaysian palm oil futures rose to a one-month high on Monday, lifted by gains
in U.S. and China soyoil markets and a surge in exports of the tropical oil in
the first half of the month. 
* U.S. soybean and wheat futures fell on Tuesday, with soy pressured by
technical selling and forecasts for good harvest weather, while U.S. wheat
supplies struggled to find traction on the export market despite trading at
four-year lows. 
* U.S. crude futures rose by almost $2 and Brent by more than $1 on Tuesday on
the prospect of a production cut by OPEC as well as on a weakening dollar and
news that Libya had curbed output after rockets hit an area near a
* Stock markets around the world rose on Tuesday, ending near session highs as
investors bet that the U.S. Federal Reserve wouldn’t adjust its guidance about
how soon it would raise interest rates. 
> Palm prices must ease to cope with bumper edible oil supplies-Mistry
> India’s Aug vegoil imports hit record on soyoil surge          
> Commodities brace for more woe ahead of Fed rate decision      
> China signs agreements to buy 4.8 mln tonnes of U.S. soybeans  
> Syngenta faces second lawsuit over GMO corn rejected by China  
> GMO safety, weed control top concerns as US study kicks off    
> USDA chief says urged Buffett to ready BNSF for record crops   
> USDA chief expects 2014 biofuel use targets to rise            
> EU maize crop heading for new record                           
> Group says floor traders abandon lawsuit over grain rules      
> Iran’s SLAL buys corn, feed barley and soybean meal            
> Ukraine raises winter sowing pace despite dry soil             
> As US farm cycle turns, tractor makers may suffer longer than farmers 
> Indonesian lawmakers approve Southeast Asia smog-fighting pact 
> US soy exports to China could drop by quarter with crush-margins at 2-yr low
> Cargo surveyors Intertek Testing Services to release Sept. 1-20 palm oil
export data on Sept. 20. Cargo surveyor Societe Generale de Surveillance to
release data for same period on Sept. 22. 
  Palm, soy and crude oil prices at 0027 GMT
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      OCT4       0    +0.00       0       0       0
  MY PALM OIL      NOV4       0    +0.00       0       0       0
  MY PALM OIL      DEC4       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN5    5230    -6.00    5212    5248  247238
  CHINA SOYOIL     JAN5       0    +0.00       0       0       0
  CBOT SOY OIL     DEC4   33.10    +0.10   33.04   33.10     329
  NYMEX CRUDE      OCT4   94.65    -0.23   94.63   94.86    2546
  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
  Crude in U.S. dollars per barrel

Source : The Star

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