Palm oil/Vegoils: market factors to watch Aug 28 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 lost earlier gains and ended lower on Wednesday
due to a strong ringgit, while anxiety about swelling supplies of global edible
oils continued to drag. 
* Nearby U.S. soybean futures rose after sinking to a four-year low on
Wednesday, while corn approached a four-year low set earlier this week on
limited demand for old-crop supplies ahead of massive U.S. harvests. 
* Crude oil futures settled flat after choppy trading on Wednesday, following a
report that showed declining U.S. gasoline demand in the world's top oil
consumer and a build at the key Cushing, Oklahoma, storage hub. 
    
MARKET NEWS
* Asian stocks crept up early on Thursday following another steady performance
by Wall Street shares which hovered near record highs, while the euro clung to
modest gains after rebounding from 13-month lows. 
    
RELATED 
> Germany expects minimal impact on farmers from Russian sanction
 
> Egypt's FIHC buys 32,000 T soyoil in tender -trade     
> Nearby soybeans rise after hitting four-year low       
    
    
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release August palm oil export data on Sept. 2. 

  Palm, soy and crude oil prices at 0019 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    5194    +2.00    5168    5210  288912
  CHINA SOYOIL     JAN5       0    +0.00       0       0       0
  CBOT SOY OIL     DEC4   32.90    +0.09   32.82   32.94     912
  NYMEX CRUDE      OCT4   93.76    -0.12   93.72   93.78     384
                                                                     
  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