Palm oil/Vegoils: Market factors to watch Dec 19 Friday

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday.
    
FUNDAMENTALS
* Malaysian palm oil futures edged up on Thursday, swelled by a jump in crude
oil prices, while wet weather warnings across parts of the second-largest grower
stoked concern that yields of the tropical oil will drop this month. 
* U.S. wheat futures rose on Thursday, extending a winning streak spurred by
concerns about Russia cutting back on their overseas shipments, traders
said. 
* U.S. crude futures jumped 2 percent in early trading on Thursday to above $55,
recouping about half the losses in the previous session when oil fell to near
five and a half year lows. 
    
MARKET NEWS
* Asian markets looked set for another upbeat session on Friday after Wall
Street boasted its biggest two-day advance since late 2011 amid relief the
Federal Reserve was in no rush to start hiking interest rates. 
    
    
RELATED
> Tropical deforestation threatens global food production - TRFN 
> China approves delayed GMO imports as U.S. ties warm           
> Thaw in relations with Cuba positive for U.S. agriculture-USDA 
> China approval may spur Syngenta to settle lawsuits-lawyers    
> Britain trims forecast for 2014 rapeseed crop                  
          
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's Dec. 1-20 palm oil exports on Dec. 22.
    
  Palm, soy and crude oil prices at 0036 GMT
                                                                   
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      JAN5       0    +0.00       0       0       0
  MY PALM OIL      FEB5       0    +0.00       0       0       0
  MY PALM OIL      MAR5       0    +0.00       0       0       0
  CHINA PALM OLEIN MAY5    4932    +6.00    4926    4974  315498
  CHINA SOYOIL     MAY5       0    +0.00       0       0       0
  CBOT SOY OIL     JAN5   31.96    +0.70    0.00    0.00       0
  INDIA PALM OIL   DEC4  416.10    +0.70  415.20  418.80    1114
  INDIA SOYOIL     DEC4  579.50    -2.40  579.50  582.90    8025
  NYMEX CRUDE      JAN5   54.88    +0.77   54.85   55.50    1516
                                                                   
  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
 - Reuetrs