Malaysian palm oil/Vegoils: Market factors to watch on Wednesday Jan 21

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Jan 21.
    
FUNDAMENTALS
* Malaysian palm futures slipped to a two-week low on Tuesday as lacklustre
demand and a grim outlook on global commodity markets piled pressure, but prices
pulled up in late trade as they clung onto support from the ringgit that slumped
to near 6-year lows. 
* Chicago Board of Trade soybean futures dropped to their lowest in nearly three
months on Tuesday as export demand for U.S. supplies weakened ahead of what are
expected to be record harvests in Brazil and Argentina, traders said. 
* Oil fell as much as 5 percent on Tuesday after the International Monetary Fund
cut its 2015 global economic forecast and key producer Iran hinted prices could
drop to $25 a barrel without supportive OPEC action. 
    
MARKET NEWS
* Equities rose worldwide on Tuesday, with Wall Street reversing early losses
and the dollar rising 1 percent against the Japanese yen, as diminishing global
growth prospects bolstered hopes for central bank stimulus. 
      
RELATED
> Malaysia's Jan 1-20 palm oil exports fell 21.8 pct -SGS        
> Malaysia's Jan 1-20 palm exports fall 22.9 pct m/m -ITS        
> SPECIAL REPORT-For Islamic State, wheat sows seeds of discontent
 
> Thailand offers 1 mln T rice from huge stockpile               
> CFTC fines Olam $3 million for cocoa trading violations        
> Euronext looks at other commodity markets after dairy revamp   
> Brazil fuel tax resumption positive for cane industry -Unica   
                 
    
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance
to release data on Malaysia's Jan. 1-25 palm oil exports on Jan. 26.  
    
  Palm, soy and crude oil prices at 0027 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    4884    -2.00    4876    4910  112194
  CHINA SOYOIL     MAY5    5610   +24.00    5582    5624  169438
  CBOT SOY OIL     MAR5   32.96    -5.90    0.00    0.00       0
  INDIA PALM OIL   JAN5  451.10    -5.90  451.10  456.80     697
  INDIA SOYOIL     FEB5  641.70    -5.45  641.40  648.80   35960
  NYMEX CRUDE      MAR5   46.86    +0.39   46.61   46.88    1485
                                                                             
  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