Malaysian palm oil/Vegoils: Market factors to watch Wednesday Sept 30

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday September 30.
    
FUNDAMENTALS
* Malaysian palm oil futures surged for a sixth day in a row to new 15-month highs on Tuesday,
bolstered by bullish analyst forecasts, a weakening ringgit and expectations recent dry weather
and haze will curb crop output. 
* Chicago soybean and corn futures rebounded on Tuesday as traders covered short positions on
concerns that the U.S. Agriculture Department would reduce its estimate for last year's soybean
crop. 
* Crude oil futures fell in early Asian trade on Wednesday after U.S. inventories showed a
weekly buildup that far exceeded analyst expectations. 
    
MARKET NEWS
* Most Asian stock markets steadied on Wednesday after sliding to 3-year lows but a weak outlook
for commodities and persistent concerns about China's economy discouraged most
buyers.    
        
RELATED
> Higher local prices dent India's soymeal exports - processor      
> Malaysia's Felda Global says taking additional steps in Eagle High purchase  
> Sime Darby Bhd says August production of fresh fruit bunches 938,297 mt 
> Indonesia sends thousands to fight fires, makes no progress against hazardous "haze" 
  

             
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's April 1-30 palm oil export data on September 30.
> Cargo surveyor Societe Generale de Surveillance unveils May 1-31 palm oil exports in Malaysia
on September 30.     
    
    
  Palm, soy and crude oil prices at 0037 GMT
                                                                           
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      OCT5       0    +0.00       0       0       0
  MY PALM OIL      NOV5       0    +0.00       0       0       0
  MY PALM OIL      DEC5       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6    4480   +38.00    4454    4496  395834
  CHINA SOYOIL     JAN6    5406   +18.00    5384    5420  166578
  CBOT SOY OIL     DEC5   27.76    +3.70   27.67   27.78     724
  INDIA PALM OIL   SEP5  425.90    +3.70  421.60  426.40     569
  INDIA SOYOIL     OCT5  605.75    +2.65  601.10  607.30   50405
  NYMEX CRUDE      NOV5   44.74    -0.49   44.68   44.94    2150
                                                                           
  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