Malaysian palm oil/Vegoils: Market factors to watch Friday July 3

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday July 3.
    
FUNDAMENTALS
* Malaysian palm oil reversed earlier losses to end flat on Thursday tracking other vegetable
oils while a weak ringgit and concerns over an El Nino weather pattern provided support. 
* U.S. corn futures rose to a six-month peak on Thursday, adding to strong gains earlier in the
week as adverse weather in parts of the U.S. Midwest and Western Europe threatened crops. 
* Crude oil prices ended little changed on Thursday as the first weekly gain in the U.S. rig
count this year pared earlier gains. 
    
MARKET NEWS
* The U.S. dollar index fell from a three-week high on Thursday as a weaker than expected U.S.
payrolls report lowered chances of a U.S. interest rate hike come September, while Wall Street
and world stock markets ended little changed after a volatile week.    
    
RELATED
> Brazil government expects Petrobras to lose key oil rights -source 
> No need for new rules to protect butterflies from GM pollen -EU report 
> Closing of Chicago trading pits: a requiem for family ties 
                 
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 0009 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    5158   +60.00    5102    5164  279110
  CHINA SOYOIL     JAN6    5852   +52.00    5796    5864  227158
  CBOT SOY OIL     DEC5   33.92    +1.90   33.34   34.03   40502
  INDIA PALM OIL   JUL5  446.70    +1.90  444.30  447.50     959
  INDIA SOYOIL     AUG5  584.30    -0.30  582.80  587.50   69095
  NYMEX CRUDE      AUG5   56.53    -0.40   56.40   56.62    1500
                                                                            
  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