Palm oil/Vegoils: Market factors to watch Aug 22 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 fell for a seventh-consecutive session to their
lowest level in nearly five years on Thursday, with traders citing talk that
major consumers in China and India had defaulted on cargoes. 
* U.S. grain futures edged higher on Thursday in a rebound from losses the
previous session, with solid export sales helping to support the recovery.
Soybeans settled mixed, after the new-crop contract matched a contract low set
on Wednesday on expectations of bumper U.S. harvests. 
* U.S. and Brent crude futures rose on Thursday, lifted by supportive economic
data from the United States after a plentiful supply picture and Chinese
economic data had earlier pressured prices. 
    
MARKET NEWS
* Asian shares rose in early trading on Friday, after upbeat U.S. data sparked
another record close on Wall Street. U.S. home resales rose to a 10-month high
in July, factory activity in the mid-Atlantic region hit its highest level since
March 2011 in August, and a gauge of future economic activity grew solidly last
month. 
    
RELATED 
> Markets rebound from losses, contract low in soy              
> COLUMN-China's corn consumers hit hard by tough import stance 
> Indian monsoon to display lull as floods ease                 
> U.S. cash soybean prices soar as supplies shrink, await new crop
 
> Colombia coffee crop faces small El Nino dryness risk -agronomist
 

DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release August 1-25 palm oil export data on August 25.
    
  Palm, soy and crude oil prices at 0016 GMT
                                                                             
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      SEP4       0    +0.00       0       0       0
  MY PALM OIL      OCT4       0    +0.00       0       0       0
  MY PALM OIL      NOV4       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN5    5258    +2.00    5242    5276  129762
  CHINA SOYOIL     JAN5       0    +0.00       0       0       0
  CBOT SOY OIL     DEC4   33.20    +0.09   33.12   33.22     849
  NYMEX CRUDE      OCT4   93.87    -0.09   93.81   93.94     849
                                                                             
  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