Malaysian palm oil/Vegoils: Market factors to watch Thursday Sept 10

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday September 10.
    
FUNDAMENTALS
* Malaysian palm oil futures hit a six-week high on Wednesday, supported by short-covering and
technical buying ahead of production data due later this week. 
* U.S. soybean futures dipped on Wednesday on better-than-expected U.S. crop ratings and
concerns about sluggish export demand. Wheat futures also declined, while corn traded near
unchanged. 
* Oil prices fell nearly 4 percent on Wednesday, pressured by ample supply and concerns about
demand being curbed by slowing economic growth. 
    
MARKET NEWS
* U.S. stocks fell on Wednesday, weighed down by a slide in Apple's share price and weakness in
the energy sector, though European and major Asian bourses earlier ended higher.    
        
RELATED
> Brazil's 2015-16 soybean crop seen at 97.1 mln tonnes - Celeres    
> Soy drops on stable U.S. crop ratings, poor export demand          
> Modi fiddles as drought shrivels India's crops                     
> Cargill executive named CEO of grain handler Andersons             
> U.S. regulators' biofuels plan to cost at the pump -industry study 
    
DATA/EVENTS
> Malaysian Palm Oil Board to release data on Malaysia's August palm oil production on September
10.
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's September 1-10 palm oil exports on September 10. 
    
  Palm, soy and crude oil prices at 0005 GMT
                                                                   
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      SEP5       0    +0.00       0       0       0
  MY PALM OIL      OCT5       0    +0.00       0       0       0
  MY PALM OIL      NOV5       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6       0    +0.00       0       0       0
  CHINA SOYOIL     JAN6       0    +0.00       0       0       0
  CBOT SOY OIL     DEC5   27.08    +4.50   26.98   27.09     438
  INDIA PALM OIL   SEP5  380.00    +4.50  375.50  381.90    2781
  INDIA SOYOIL     OCT5  573.00    +0.65  571.20  574.50   37125
  NYMEX CRUDE      OCT5   46.77    +0.02   46.61   46.85    1086
                                                                   
  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