Malaysian palm oil/Vegoils: Market factors to watch Monday July 20

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday July 20.
    
FUNDAMENTALS
* Malaysian palm oil futures dropped to a one-week low in shortened trading on Thursday,
pressured by poor demand and expectations of increased output over the next two months. 
* U.S. corn and wheat fell as much as 2 percent on Friday, while soybeans also declined as the
dollar climbed and rains provided needed moisture in the western half of the Midwest Crop Belt.
 
* Brent crude rose and U.S. futures dipped on Friday in choppy trading as expectations of
increased exports from Iran capped prices and helped both contracts post their third consecutive
weekly losses. 
    
MARKET NEWS
* Wall Street's Nasdaq stock index ended at a record high on Friday on a rally in Google shares,
while weak energy stocks and disappointing corporate results from companies such as Boeing and
Volvo hit other European and U.S. indexes and the dollar rallied on strong U.S. inflation and
housing data.    
    
    
RELATED
> Palm oil makes gains in EU biodiesel, as rapeoil prices climb      
> Raw sugar falls further from 8-week high, cocoa pares losses       
> White sugar expiry highlights huge Thai stocks overhanging market  
> China sells 8.8 pct reserve cotton on offer in first week of sales 
> Speculators again up bullish cocoa bet, slash net short in sugar   
         
    
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's July 1-20 palm oil exports on July 20.   

  Palm, soy and crude oil prices at 0005 GMT
                                                                  
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      AUG5       0    +0.00       0       0       0
  MY PALM OIL      SEP5       0    +0.00       0       0       0
  MY PALM OIL      OCT5       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6    4864   -74.00    4816    4916  308024
  CHINA SOYOIL     JAN6    5666   -54.00    5602    5688  270496
  CBOT SOY OIL     DEC5   32.08    -3.30   32.04   32.11     349
  INDIA PALM OIL   JUL5  429.50    -3.30  427.10  433.00     788
  INDIA SOYOIL     AUG5  576.30    -4.15  576.00  581.90   46935
  NYMEX CRUDE      AUG5   51.67    +0.26   50.91   52.22    2214
                                                                  
  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