Malaysian palm oil/Vegoils: Market factors to watch on Wednesday June 3

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday June 6.
    
FUNDAMENTALS
* Malaysian palm oil futures hit a three-month high on Tuesday, extending gains into a fourth
straight session, buoyed by an overnight rally in soyoil markets and a weak ringgit. 
* U.S. corn, soybean and wheat futures rallied on Tuesday, supported by a steep decline in the
dollar that made all three commodities more attractive to investors looking for a hedge against
inflation, traders said. 
* Oil prices rose on Tuesday, driven by a weak dollar and expectations that U.S. crude supplies
could have fallen last week for a fifth straight week. 
    
MARKET NEWS
* U.S. stocks edged down on Tuesday while the dollar fell and bond yields rose as investors
sought clarity on Greece's debt crisis and awaited the U.S. jobs report.    
    
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DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's June 1-10 palm oil exports on June 10.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-May
palm oil stocks, exports and production on June 10.
    
  Palm, soy and crude oil prices at 0019 GMT
                                                                       
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      JUN5       0    +0.00       0       0       0
  MY PALM OIL      JUL5       0    +0.00       0       0       0
  MY PALM OIL      AUG5       0    +0.00       0       0       0
  CHINA PALM OLEIN SEP5    5218    -4.00    5196    5248  351394
  CHINA SOYOIL     SEP5    5888   -26.00    5880    5936  362066
  CBOT SOY OIL     JUL5   34.28    -2.20   34.23   34.30    1349
  INDIA PALM OIL   JUN5  463.50    -2.20  462.50  468.40    2477
  INDIA SOYOIL     JUN5  624.85    +2.75  618.00  627.40   47355
  NYMEX CRUDE      JUL5   60.92    -0.34   60.86   61.04    1539
                                                                       
  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