Palm oil/Vegoils: Market factors to watch July 25 Friday

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday.
    
FUNDAMENTALS
* Malaysian palm oil futures ended higher on Thursday, snapping a three-day
losing streak as investors short-covered positions ahead of the long weekend and
as a small recovery in the comparative soy oil markets provided some relief to
palm. 
* U.S. soybean prices rose to a near two-week high on Thursday on firm export
demand and concerns that dry weather in parts of the Midwest crop belt might
jeopardize yield prospects, traders said. 
* Oil futures prices fell on Thursday as unseasonably weak demand and plentiful
supplies of crude and refined products offset strong Chinese factory data that
could presage higher energy demand in the world's No. 2 oil consumer. 
    
MARKET NEWS
* Global stock markets inched higher while U.S. debt prices fell on Thursday
following unexpectedly low U.S. weekly jobless claims and stronger-than-expected
U.S. earnings from companies including Facebook FB.O. 
* 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 
> Louis Dreyfus says exits Green Eagle Plantations joint venture 
> Indonesia leaves cocoa bean, palm oil export taxes unchanged   
> U.S. soybeans extend advance on exports, weather worries       
> ICE cocoa climbs to three-year high, sugar pares gains         
> Brazil sugar output steady despite rains in early July -Unica  
> Brazil's Cooxupe says nearly 60 percent of coffee crop harvested
 
       
    
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.
> Malaysian palm oil markets will be closed between July 28-29 for the Eid
al-Fitr holiday. 
    
  Palm, soy and crude oil prices at 0010 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    5648   +20.00    5638    5690  255150
  CHINA SOYOIL     JAN5       0    +0.00       0       0       0
  CBOT SOY OIL     DEC4   36.29    -0.07   36.27   36.42     194
  NYMEX CRUDE      SEP4  102.07    +0.00  101.95  102.09    1106
                                                                             
  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