Palm oil/Vegoils: Market factors to watch Aug 11 Monday

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday.
    
FUNDAMENTALS
* Malaysian palm oil futures dropped to a one-year low on Friday with the market
on track for a fifth week of declines in six as expectations of higher
production pressured prices. 
* U.S. wheat futures fell for a second session on Friday on profit-taking but
still ran up nearly 3 percent this week, partly on fears of disrupted grain
flows from the Black Sea region. 
* Brent crude oil fell toward $105 a barrel on Friday, following U.S. air
strikes in Iraq that analysts said might lower the risk of oil supply
disruptions from OPEC's second-largest producer, while U.S. crude found support
from a rebounding stock market. 
    
MARKET NEWS
* Wall Street rallied on Friday after Russia said it ended military drills near
Ukraine, soothing investor nerves over regional tensions, but bond yields fell
in key markets worldwide after U.S. President Barack Obama authorized air
strikes in Iraq. 
    
RELATED 
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> India's natural rubber prices dip to 4-1/2 year low - dealers 
> Speculators buoy ICE sugar net short position by 70 pct       
> EU experts to debate Russia's ban on European food on Aug. 14 
> Australia's early wheat harvest to add to global oversupply   
         
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release August 1-10 palm oil export data on August 11.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on
Malaysia's end-July palm oil stocks, exports and production on August 11.
 
  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    5622    -6.00    5592    5626  157394
  CHINA SOYOIL     JAN5       0    +0.00       0       0       0
  CBOT SOY OIL     DEC4   35.79    -0.08   35.73   35.87     330
  NYMEX CRUDE      SEP4   97.67    +0.02   97.37   97.75    2321
                                                                             
  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