Palm oil/Vegoils: Market factors to watch July 24 Thursday

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.
    
FUNDAMENTALS
* Malaysian palm oil futures slid to their lowest in more than 11 months on
Wednesday, dragged by fears of abundant global oilseed supplies, and as
estimates for an uptick in palm oil output this month turned investors wary.
 
* Front-month soybean futures rose to their highest level in more than a week on
Wednesday, supported by firming U.S. cash markets as supplies of old-crop
soybeans dwindle with the autumn harvest still about two months away, traders
said. 
* Crude oil futures rose on Wednesday, as oil stockpiles in the United States
fell more than expected and geopolitical tensions in Eastern Europe and the
Middle East persisted. 
    
MARKET NEWS
* Global equity markets edged higher on Wednesday as a backdrop of solid
corporate earnings buoyed risk appetite, but worries over the Middle East and
Ukraine kept demand strong for safe-haven assets such as bonds. 
* Gold prices jumped their most in a month on Thursday on geopolitical worries
after a Malaysian jetliner crashed in eastern Ukraine, while other key
commodities rose, too, on an improved demand outlook versus supply. 
    
RELATED 
> Soybeans hit over one-week high, U.S. old-crop supply tightens 
> Pakistani importers buy 35,000 T Black Sea sunflower seed      
> Ethanol needs separate treatment in U.S. rail rules            
> ICE cocoa at 3-yr high as shorts scramble, arabica rallies     
> Coffee prices to extend gains as market switches to deficit    
    
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release Malaysia's July 1-25 palm oil export data on July 25.
    
  Palm, soy and crude oil prices at 2359 GMT
                                                                             
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      AUG4       0    +0.00       0       0       0
  MY PALM OIL      SEP4       0    +0.00       0       0       0
  MY PALM OIL      OCT4       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN5    5664   +68.00    5572    5666  213682
  CHINA SOYOIL     JAN5       0    +0.00       0       0       0
  CBOT SOY OIL     DEC4   36.37    +0.00    0.00    0.00       0
  NYMEX CRUDE      SEP4  103.10    -0.02  103.07  103.31    1196
                                                                             
  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