Malaysian palm oil/Vegoils: Market factors to watch Thursday June 23

The palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was 0.5 percent higher at the close of trade, settling at 2,629 ringgit ($657) per tonne

* Malaysian palm oil futures hit a more than five-month low on Tuesday, their 11th fall in 12 sessions, as a stronger ringgit and bearish fundamentals pulled down markets, and as traders forecast output would rise in the coming months. 

* U.S. corn futures fell on Wednesday, after plunging nearly 6 percent the previous day, as improving weather in the Midwest continued to stimulate long liquidation by commodity funds.