Palm oil/Vegoils Market factors to watch July 31 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 edged up on Wednesday as weakness in the ringgit
stoked some buying interest, although caution ahead of palm export data and
selling pressure for the spot month on the benchmark contract put a lid on
gains. 
*  U.S. wheat futures rose 1.4 percent on Wednesday, rebounding from contract
lows hit on Tuesday on a round of bargain buying and signs of overseas demand,
traders said. 
* Oil prices tumbled on Wednesday, with Brent leading the decline weakened by
excess supplies in Europe and Asia while U.S. crude followed suit despite a
larger-than-expected drop in nationwide stockpiles. 
    
MARKET NEWS
* The dollar held gains against a basket of major currencies while U.S.
Treasuries yields surged on Wednesday after the Federal Reserve raised its
assessment of the U.S. economy while reiterating it is in no hurry to increase
interest rates. 

    
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> Argentina Fails To Reach Debt Agreement, Default Looms      
> W. Canada Wheat Yields Higher Than Average, But Problems Evident -Scouts
 
       
    
DATA/EVENTS 
> Cargo surveyor Intertek Testing Services (ITS) to release Malaysia's July palm
oil export data on July 31. Cargo surveyor Societe Generale de Surveillance to
release export data for the same period on August 4. 
    
  Palm, soy and crude oil prices at 0007 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    5644   +14.00    5636    5678  264440
  CHINA SOYOIL     JAN5       0    +0.00       0       0       0
  CBOT SOY OIL     DEC4   36.27    -0.12   36.27   36.40     209
  NYMEX CRUDE      SEP4   99.46    -0.81   99.16   99.56    3386
                                                                   
  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