Malaysian palm oil/Vegoils: Market factors to watch on Tuesday Oct 6

KUALA LUMPUR The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday October 6.
    
FUNDAMENTALS
* Malaysian palm oil futures continued their rise on Monday after climbing for the past two
weeks, supported by strong gains in rival oilseed and crude oil prices. 
* U.S. grain and soybean futures strengthened on Monday as technical buying and positioning
ahead of U.S. crop reports overshadowed concerns about poor export demand. 
* Crude oil prices settled up more than 2 percent on Monday, bolstered by a rally in U.S.
gasoline and Russia's willingness to meet other major oil producers to discuss the market. 
    
MARKET NEWS
* Oil prices jumped after Russia said it was ready to meet with other producers to discuss the
market, while world stock indexes rose with commodity-related shares amid a backdrop of low
global interest rates.    
        
RELATED
> In Pacific trade deal, Australia gets bigger U.S. sugar allocation 
> Potash Corp withdraws $8.9 bln bid for German rival K+S            
> INSIGHT-Ivory Coast seeks to save forests from illegal cocoa boom  
> Russian wheat prices broadly flat after state export tax cut       
> Egypt's Trade Ministry lifts ban on rice exports                   
             
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's May 1-10 palm oil export data on October 10.
> Cargo surveyor Societe Generale de Surveillance unveils August 1-10 palm oil exports in
Malaysia on October 10.     
    
    
  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