Malaysian palm oil/Vegoils: Market factors to watch Monday July 6

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday July 6.
    
FUNDAMENTALS
* Malaysian palm oil hit a one-week peak on Friday, tracking rival vegetable oils higher with
support from a weak ringgit, but eased in light afternoon trade to levels nearer Thursday's
close to end the week down slightly. 
* 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. 
* Oil prices dropped on Friday as a rising U.S. rig count stoked more concerns about global
oversupply while an investigation by Chinese regulators into suspected stock market manipulation
further unsettled the market. 
    
MARKET NEWS
* The euro fell sharply in Asia on Monday after polls suggested the Greeks had overwhelmingly
rejected austerity measures demanded in return for bailout money, putting in doubt its continued
place in the single currency.    
    
RELATED
> Thai junta looks for new central bank governor and fewer surprises  THB=TH   THCBIR=ECI
 
> Texas law firm sues Foster Farms over Salmonella outbreak 
> Sales of Brazil's next soybean crop increase as prices rise 
        
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 0012 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    5106   -28.00    5084    5120  129886
  CHINA SOYOIL     JAN6    5812   -20.00    5790    5830  103004
  CBOT SOY OIL     DEC5   33.64    +0.40   33.56   33.92    1354
  INDIA PALM OIL   JUL5  447.10    +0.40  445.50  448.00     815
  INDIA SOYOIL     AUG5  583.65    -1.30  583.10  586.70   47985
  NYMEX CRUDE      AUG5   55.00    -1.93   54.44   55.14   14301
                                                                        
  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