Palm oil/Vegoils: Market factors to watch on Monday Jan 19


KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Jan 19.
    
FUNDAMENTALS
* Malaysian palm oil futures fell to their lowest in over a week on Friday as
volatile crude oil prices and lacklustre export demand dampened buying interest
in the tropical oil, dragging the contract to its biggest weekly drop in seven.
 
* U.S. corn rose 1.8 percent on Friday for its biggest daily gain in about two
weeks, rebounding from a nearly two-month low on support from short covering and
increasing export demand. 
* U.S. crude oil prices staunched seven weeks of losses rising 33 cents on the
week as it rallied just before settlement because of short covering ahead of the
contract expiration Tuesday. 
    
MARKET NEWS
* Asian share markets were looking to edge higher on Monday, though anxious
investors were wary of being disappointed yet again by economic news from China
and policy stimulus in the euro zone. 
      
RELATED
> China to sell imported wheat, rapeseed oil from state reserves next week
 
> Indonesia Dec palm oil output seen 6 pct lower -Reuters survey 
 
> INTERVIEW-Argentina's 'Soy King' abdicates in favor of biotech 
> As U.S. soybean export season winds down, demand questions remain
 
> Speculators raise bullish positions in ICE arabica coffee, cocoa
 
> Harmattan winds threaten West Africa's cocoa light-crop output 
    
                 
DATA/EVENTS 
> Malaysian Palm Oil Board's economic review and 2015 outlook on the palm oil
industry, held in Kuala Lumpur on Jan. 19.
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's Jan. 1-20 palm oil exports on Jan. 20.   

  Palm, soy and crude oil prices at 0020 GMT
                                                                             
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      FEB5       0    +0.00       0       0       0
  MY PALM OIL      MAR5       0    +0.00       0       0       0
  MY PALM OIL      APR5       0    +0.00       0       0       0
  CHINA PALM OLEIN MAY5    4946    -4.00    4922    4956  116264
  CHINA SOYOIL     MAY5    5630    +6.00    5598    5638  123448
  CBOT SOY OIL     MAR5   33.39    -1.60    0.00    0.00       0
  INDIA PALM OIL   JAN5  458.90    -1.60  457.40  461.40     432
  INDIA SOYOIL     JAN5  675.30    +2.00  672.00  676.60    5515
  NYMEX CRUDE      FEB5   48.69    +0.00   48.37   48.69     193
                                                                             
  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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