Malaysian palm oil/Vegoils: Market factors to watch Tuesday May 5

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday May 5.
    
FUNDAMENTALS
* Malaysian palm oil futures rose for the first time in a week on Thursday as investors squared
positions ahead of a long holiday weekend, but the gains were not enough to prevent the contract
from recording its second straight monthly drop. 
* U.S. soybean futures rose 1.3 percent on Monday, following a sharp rally in soyoil that
stemmed from talk of rising demand on the export market. 
* Brent oil hit a 2015 high before settling down with U.S. crude on Monday as Saudi Arabia's
plan to halt bombing in Yemen eased tensions over the security of oil Middle East supplies. 
    
MARKET NEWS
* Global equity markets rose on Monday, lifted by the biggest gain in U.S. factory orders in
eight months and solid manufacturing data in Germany, while German bund yields gained as
investors shook off deflation fears.    
    
RELATED
> Ideal weather puts U.S. corn planting far ahead of average 
> Threat of Argentine port strike looms ahead of record soy harvest    
                
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's May 1-10 palm oil exports on May 11.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-April
palm oil stocks, exports and production on May 11.
    
  Palm, soy and crude oil prices at 0006 GMT
                                                                          
  Contract        Month    Last   Change     Low    High  Volume
  CHINA PALM OLEIN SEP5    5056  +112.00    4984    5058  521530
  CHINA SOYOIL     SEP5    5880  +112.00    5816    5880  551660
  CBOT SOY OIL     JUL5   32.71    +9.80   32.65   32.71     597
  INDIA PALM OIL   MAY5  445.40    +9.80  436.00  445.90    1870
  NYMEX CRUDE      JUN5   58.87    -0.05   58.86   59.01     767
                                                                          
  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