Palm oil/Vegoils: Market factors to watch May 6 (Tuesday)

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

* Malaysian palm oil futures ended lower on Monday, stretching losses into a
fourth straight day, as investors waited for an official report on export demand
and stocks of the tropical oil in the world's second-largest producer. 
*  U.S. wheat futures jumped nearly 2 percent on Monday as scorching
temperatures in the southern Plains deepened fears about weather damage to the
U.S. hard red winter wheat crop. 
*  Brent crude oil fell by more than $1 a barrel on Monday, pressured by reports
that China's manufacturing sector contracted and Libya's oil output was
recovering. 
    
MARKET NEWS
* Asian share markets shuffled higher on Tuesday after promising U.S. economic
news helped Wall Street to a firmer finish, though activity was again light with
Tokyo still on holiday. 
* Commodities had the best quarter in 18 months as trading for March ended on
Monday, with weather and economic growth likely to determine if gas, gold,
grains, lean hogs and coffee continue going higher and draw money into the
space. 
    
RELATED   
> Column-Wheat prices may fizzle as tightness a local affair:Maguire
 
> Gold near 3-week high as Ukraine fighting boosts safe-haven bids
 
> Mexico cites major interest in oil reform, including from China
  
> Citi Q1 commodities revenue almost doubles as polar vortex hits
 
> Venezuela's Palito refinery catcracker halted due to fault-source
  
> Exxon says minimum production impact due to issue at Beaumont refinery
    
> Italy could boost Africa gas imports to offset Russia 
> Brazil's São Martinho cane group acquires Santa Cruz     
    
DATA/EVENTS    
> Cargo surveyor Intertek Testing Services to release Malaysia's May 1-10 palm
oil export data on May 10. Another cargo surveyor Societe Generale de
Surveillance to release data for same period on May 12. 
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on
Malaysia's end-April palm oil stocks, exports and production on May 12.
    
  Palm, soy and crude oil prices at 0042 GMT
                                                                       
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      MAY4       0    +0.00       0       0       0
  MY PALM OIL      JUN4       0    +0.00       0       0       0
  MY PALM OIL      JUL4       0    +0.00       0       0       0
  CHINA PALM OLEIN SEP4       0    +0.00       0       0       0
  CHINA SOYOIL     SEP4       0    +0.00       0       0       0
  CBOT SOY OIL     JUL4   41.09    -0.09   41.07   41.17     684
  NYMEX CRUDE      JUN4   99.45    -0.03   99.32   99.50     828
                                                                       
  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
 - Reuters