Malaysian palm oil/Vegoils: Market factors to watch on Wednesday July 1

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday July 1.
    
FUNDAMENTALS
* Malaysian palm oil futures flirted with one-month lows on Tuesday, falling as much as 2
percent with sentiment hit by the collapse of Greek bailout talks. 
* U.S. grain and soybean futures on Tuesday climbed to their highest prices since December after
the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than
analysts expected. 
* Oil prices ended higher as it rebounded from three-week lows on Tuesday with U.S. refined fuel
trading leading the rally on bets for strong summer demand, even as Greece's move toward a debt
default threatened to jolt global markets. 
    
MARKET NEWS
* The euro remained on the defensive in Asia on Wednesday as Greece became the first developed
economy to default on a loan with the IMF, setting the scene for another day of uneasy action in
markets.    
    
RELATED
> Indonesia keeps palm oil, cocoa bean export tax unchanged in July           
> USDA to resurvey for seedings of cotton, soy, sorghum                       
> U.S. corn, soy stocks grow less than expected; demand strong                
> Canada canola-crop problems cut crusher profits to 2-year low               
> Canadian farmers plant more canola, less wheat than expected                
> S.Africa lowers 2015 maize output forecast, soybean harvest seen at record  
> Germany's grain harvest to fall after dry weather -farmers                  
             
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's July 1-10 palm oil exports on July 10.   

    
  Palm, soy and crude oil prices at 2355 GMT
                                                                    
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      JUL5       0    +0.00       0       0       0
  MY PALM OIL      AUG5       0    +0.00       0       0       0
  MY PALM OIL      SEP5       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6    5044   +12.00    4996    5052  233522
  CHINA SOYOIL     JAN6    5752   +18.00    5700    5758  146628
  CBOT SOY OIL     DEC5   34.07    +1.00    0.00    0.00       0
  INDIA PALM OIL   JUL5  448.00    +1.00  443.10  448.70    2434
  INDIA SOYOIL     AUG5  588.50    +3.25  580.60  588.90   76825
  NYMEX CRUDE      AUG5   59.47    +0.00    0.00    0.00       0
                                                                    
  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