Palm oil/Vegoils: Market factors to watch Dec 12 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 rose on Thursday, tracking gains in competing
vegetable oil markets, with expectations of a drop in production in December
also helping lift prices. 
* U.S. wheat futures rallied 2.6 percent on Thursday, ending a choppy trading
session with a late-day surge on short-covering and fund buying amid talk of a
slowdown in exports from Russia. 
*  U.S. crude fell below $60 a barrel on Thursday for the first time in five
years, breaking through a key psychological support level that triggered fresh
selling as some traders said they saw no reason for a rebound any time soon.
 
    
MARKET NEWS
* The dollar and most global equity markets on Thursday snapped three days of
losses after strong U.S. retail sales and declining jobless claims signaled the
U.S. economy could weather weak oil prices and a likely interest rate hike next
year. 
    
RELATED
> Malaysia's Dec 1-10 palm oil exports rose 0.2 pct-SGS          
> POLL-November soy crush seen at record on exports, profit margins
 
> Rains help Argentine farm areas, 67 pct of soy planted-exchange
 
> China sugar refiners agree to limit out-of quota imports in 2015
 
> Cocoa market seen in surplus in 2014/15 for second year -JSG   
> Brazil's sugar output slows as rains soak end of cane harvest  
    
    
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's Dec. 1-15 palm oil exports on Dec. 15.
    
  Palm, soy and crude oil prices at 0018 GMT
                                                                              
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      DEC4       0    +0.00       0       0       0
  MY PALM OIL      JAN5       0    +0.00       0       0       0
  MY PALM OIL      FEB5       0    +0.00       0       0       0
  CHINA PALM OLEIN MAY5    5038    +8.00    5012    5054  485654
  CHINA SOYOIL     MAY5       0    +0.00       0       0       0
  CBOT SOY OIL     JAN5   32.02    +4.20    0.00    0.00       0
  INDIA PALM OIL   DEC4  424.10    +4.20  417.40  424.80    1396
  INDIA SOYOIL     DEC4  580.90    +0.95  578.10  581.00   16875
  NYMEX CRUDE      JAN5   59.10    -0.85   58.85   59.29    2058
                                                                              
  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
  India soy oil in Indian rupee per 10 kg
  Crude in U.S. dollars per barrel
 - Reuters