Palm oil/Vegoils: Market factors to watch June 3 Tuesday

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.
    
FUNDAMENTALS
* Malaysian palm oil futures fell for a seventh straight session on Monday to
hit their lowest in nearly seven-and-a-half months, as weak soyoil prices and
disappointing export data dragged on the tropical oil. 
* U.S. soybean futures rose on Monday on signs of strong export demand that
threatened to further deplete thin U.S. supplies, traders said. 
* Brent and U.S. crude oil futures fell in choppy trading on Monday, weighed on
by a stronger dollar and recent data showing rising OPEC oil production. 
    
MARKET NEWS
* Nikkei led Asian shares higher on Tuesday, supported by solid U.S. and Chinese
manufacturing data, while the euro dragged its feet near a 3 1/2-month low on
expectations of fresh monetary easing by the European Central Bank. 
    
    
RELATED   
> Weather favours Black Sea grain crops, brightens forecasts 
> Strategie Grains lifts EU rapeseed crop outlook to 21.8 MT  
> Malaysia's May palm exports up 7.8 pct m/m-ITS             
    
DATA/EVENTS    
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release Malaysia's June 1-10 palm oil export data on June 10. 
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on
Malaysia's end-May palm oil stocks, exports and production on June 10.

  Palm, soy and crude oil prices at 0044 GMT
                                                                          
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      JUN4       0    +0.00       0       0       0
  MY PALM OIL      JUL4       0    +0.00       0       0       0
  MY PALM OIL      AUG4       0    +0.00       0       0       0
  CHINA PALM OLEIN SEP4       0    +0.00       0       0       0
  CHINA SOYOIL     SEP4       0    +0.00       0       0       0
  CBOT SOY OIL     JUL4   38.31    +0.00   38.28   38.40     649
  NYMEX CRUDE      JUL4  102.47    +0.01  102.36  102.65    2370
                                                                          
  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
  Crude in U.S. dollars per barrel
 - Reuters