Malaysian palm oil/Vegoils: Market factors to watch Thursday April 16

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday April 16.
    
FUNDAMENTALS
* Malaysian palm oil futures rose to a one-week high on Wednesday, stretching gains into a
fourth day as top grower Indonesia moved closer to laying on levies which may make its palm more
expensive for importers. 
* Chicago Board of Trade soybean futures climbed to a one-week high on Wednesday on technical
buying and data showing U.S. processors crushed more soybeans in March than analysts expected.
 
* Oil prices rallied and U.S. crude jumped nearly 6 percent to a 2015 peak on Wednesday after
government data showed crude oil inventories in the United States rose less than expected last
week. 
    
MARKET NEWS
* U.S. stocks rallied following several strong earnings reports on Wednesday, while European
shares hit a 14-year high after the European Central Bank affirmed its loose policy stance.
    
    
RELATED
> Malaysia's April 1 - 15 palm oil exports fall 2.9 pct -ITS         
> Malaysia's Apr 1-15 palm oil exports fell 3.0 pct -SGS             
> Fitch Affirms 3 Indonesian Palm Oil Producers; Outlook Stable      
> TABLE-India's March vegoil imports up 23 pct m/m                   
> U.S. March soybean crushings top market forecasts -NOPA            
> US ethanol plants idle earlier for maintenance due to weak margins 
> Cameroon cocoa farmgate prices dip in April                        
    
    
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's April 1-20 palm oil exports on April 20. 
    
 
  Palm, soy and crude oil prices at 0043 GMT
                                                                     
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      MAY5       0    +0.00       0       0       0
  MY PALM OIL      JUN5       0    +0.00       0       0       0
  MY PALM OIL      JUL5       0    +0.00       0       0       0
  CHINA PALM OLEIN SEP5    4758   +58.00    4690    4760  382308
  CHINA SOYOIL     SEP5    5622   +96.00    5542    5624  473258
  CBOT SOY OIL     MAY5   31.96    +2.50   31.82   31.99     737
  INDIA PALM OIL   APR5  438.10    +2.50  435.20  438.60     680
  INDIA SOYOIL     APR5  606.50    +4.45  602.50  606.50    6705
  NYMEX CRUDE      MAY5   55.99    -0.40   55.91   56.15    2535
                                                                     
  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