Palm oil market factors to watch Friday Jan 16

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Jan 16.
    
FUNDAMENTALS
* Malaysian palm oil futures rose on Thursday after a recent climb in crude oil,
with prices underpinned by concerns over a squeeze in the tropical oil's supply
as the No.2 grower braces for monsoon rains over the Borneo region. 
* U.S. soybeans reversed earlier gains to fall 2 percent on Thursday, pressured
by a steep downturn in soymeal futures and smaller-than-expected private
crushing data. 
* Oil prices declined on Thursday as an erratic dollar and expectations of
weakening demand dashed hopes that a strong rally Wednesday might have signaled
a bottom to the seven-month price rout. 
    
MARKET NEWS
* Switzerland's move to jettison a three-year-old cap on the franc threw global
markets into turmoil on Thursday, sending the currency and most European shares
soaring while bond yields and Swiss equities tumbled. 
      
RELATED
> EU policy-makers to consult farm sector on new antitrust rules 
> Malaysia's Jan 1-15 palm oil exports fell 11.8 pct -SGS        
> Indonesia keeps Jan crude palm oil export tax at zero          
> USDA approves Monsanto's new GMO soybeans, cotton              
   
> US December soy crush second biggest ever - NOPA               
> Dry weather worries Brazil's center-west soy farmers           
           
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's Jan. 1-15 palm oil exports on Jan 15.   
       
  Palm, soy and crude oil prices at 0012 GMT
                                                                  
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      FEB5       0    +0.00       0       0       0
  MY PALM OIL      MAR5       0    +0.00       0       0       0
  MY PALM OIL      APR5       0    +0.00       0       0       0
  CHINA PALM OLEIN MAY5    4922   -14.00    4920    4998  226594
  CHINA SOYOIL     MAY5    5602   -16.00    5602    5682  180368
  CBOT SOY OIL     MAR5   32.99    +0.90    0.00    0.00       0
  INDIA PALM OIL   JAN5  460.00    +0.90  460.00  465.90    1333
  INDIA SOYOIL     JAN5  673.80    +3.55  671.50  676.00   16500
  NYMEX CRUDE      FEB5   46.43    +0.18   45.95   46.52    1465
                                                                  
  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