Palm oil/Vegoils: Market factors to watch Dec 29 Monday

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 29.
    
FUNDAMENTALS
* Malaysian palm oil futures hit their highest in over a month on Friday,
notching their biggest weekly gain in eight weeks as fears of floods disrupting
supplies in the world's second-largest producer outweighed earlier losses. 
* U.S. wheat futures on Friday continued to decline from seven-month highs
reached last week as Russia made an anticipated announcement to restrict
exports, while soybean futures climbed. 
* Oil prices fell Friday, tumbling as the dollar strengthened and as a supply
glut in top consumer, the United States, trumped worries about falling
production from Libya. 
    
MARKET NEWS
* U.S. stocks pushed higher on Friday, with the Dow and S&P 500 both closing at
record highs, while oil and natural gas fell on worries of a supply glut and on
mild U.S. weather. 
      
RELATED
> Malaysia's monsoon floods seen crippling December palm supply -industry 
 
> Snow to blanket U.S. wheat belt ahead of bitter cold next week  
 
> LIVESTOCK-CME live cattle rally on beef demand, fund buying   
  
   
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's December palm oil exports on Dec. 31
    
  Palm, soy and crude oil prices at 0009 GMT
                                                                   
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      JAN5       0    +0.00       0       0       0
  MY PALM OIL      FEB5       0    +0.00       0       0       0
  MY PALM OIL      MAR5       0    +0.00       0       0       0
  CHINA PALM OLEIN MAY5    4990   +48.00    4944    4994  300814
  CHINA SOYOIL     MAY5    5646   +30.00    5592    5658  135800
  CBOT SOY OIL     MAR5   32.59   +17.00    0.00    0.00       0
  INDIA PALM OIL   DEC4  442.80   +17.00  434.70  442.80     750
  INDIA SOYOIL     JAN5  635.30   +24.40  623.50  635.30   69340
  NYMEX CRUDE      FEB5   55.49    +0.76   54.94   55.74    4575
                                                                   
  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
 - Reuetrs