Malaysian palm oil/Vegoils: Market factors to watch Thursday April 9

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday April 9.
    
FUNDAMENTALS
* Malaysian palm oil futures inched down on Wednesday, retreating further from sharp gains made
earlier in the week as a firm ringgit and concerns over rising palm supplies stifled buying
interest. 
*  U.S. corn futures fell for the third day in a row on Wednesday as traders staked out
positions ahead of a government report that was expected to boost projections for supplies of
the grain at the end of the crop year, traders said. 
* Oil prices dived 6 percent on Wednesday after closing at their highest this year, as a mammoth
rise in U.S. crude stockpiles and news of record Saudi oil production scuttled talk of a
sustained recovery. 
    
MARKET NEWS
* Global equity markets rose on Wednesday and European shares hit eight-year highs on a $70
billion takeover bid by Royal Dutch Shell RDSa.L, while U.S. shares pared gains after the
largest U.S. crude inventory build in 14 years slammed oil prices.    
    
RELATED
> US farmers take a gamble with belt-tightening as incomes slide             
> Blocked entrance to Brazil's Santos port to open overnight                 
> Premium for old-crop CBOT soy shrinks as China buys from South America     
> Russia's EconMin says has proposals on Greece and Russia's food import ban 
    
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's April 1-10 palm oil exports on April 10. 
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-March
palm oil stocks, exports and production on April 10.
    
  Palm, soy and crude oil prices at 0020 GMT
                                                                   
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      APR5       0    +0.00       0       0       0
  MY PALM OIL      MAY5       0    +0.00       0       0       0
  MY PALM OIL      JUN5       0    +0.00       0       0       0
  CHINA PALM OLEIN SEP5    4684   -30.00    4678    4702  143792
  CHINA SOYOIL     SEP5    5386   -32.00    5380    5406  152116
  CBOT SOY OIL     MAY5   30.94    -3.80   30.81   30.94     327
  INDIA PALM OIL   APR5  438.00    -3.80  438.00  442.80    1055
  INDIA SOYOIL     APR5  605.60    -0.30  604.30  609.40   12980
  NYMEX CRUDE      MAY5   51.04    +0.62   50.86   51.08    1951
                                                                   
  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