Palm/Vegoils: Market factors to watch on Monday Jan 12

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Jan 12.
* Malaysian palm oil futures dipped for the first time in four days on Friday as
the ringgit steadied and investors took profits, but worries that more rain
could curb output helped the contract notch its third straight weekly gain.
* U.S. corn and soybean futures firmed on Friday, supported by strong export
demand, while wheat weakened slightly as traders evened up positions ahead of a
key U.S. government report on crop production and supplies, traders said. 
* U.S. crude oil prices slid in opening trade on Sunday evening while diesel
futures rose after refineries in Philadelphia and Ohio were hit hard by fires
over the weekend, curtailing production of fuels and demand for crude. 
*  The U.S. dollar took an early dip on Monday as Asian investors caught up with
a benign payrolls report and the subsequent slide in Treasury yields, though
turnover was light with Tokyo on holiday. 
> Brazil's Conab raises soy, corn forecasts slightly             
> S.Korea's NOFI tenders for 560,000 T corn, plus wheat, soymeal 
> Brazil water supply, crops still at risk a year after epic drought
> Canola-killing pathogen found for 1st time in top exporter Canada  
> Argentina forecasts more dry weather as corn flowering begins  
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's Jan. 1-10 palm oil exports on Jan 12.    
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on
Malaysia's end-December palm oil stocks, exports and production on Jan 12.
  Palm, soy and crude oil prices at 0007 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    5068    -6.00    5044    5072   97072
  CHINA SOYOIL     MAY5    5756    +8.00    5728    5766   88988
  CBOT SOY OIL     MAR5   33.68    -5.60    0.00    0.00       0
  INDIA PALM OIL   JAN5  467.10    -5.60  466.30  470.80    1214
  INDIA SOYOIL     JAN5  666.00    -3.50  664.10  669.70   11725
  NYMEX CRUDE      FEB5   47.75    -0.61   47.55   48.19    5100
  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
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