Malaysian palm oil/Vegoils: Market factors to watch Wednesday May 6

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday May 6.
    
FUNDAMENTALS
* Malaysian palm oil futures jumped more than 3 percent on Tuesday to their highest in nearly
two weeks as the ringgit slid and overseas soyoil markets tracked by palm underpinned sentiment.
 
* U.S. wheat futures sank 1.3 percent on Tuesday, flirting with five-year lows after rain in key
production areas boosted harvest prospects as the crop nears maturity, traders said. 
* Oil prices hit their highest for the year on Tuesday, aided by a disruption in Libyan crude
exports, higher selling prices for Saudi oil and a weaker dollar that tends to inflate commodity
prices. 
    
MARKET NEWS
* Long-term U.S. Treasury yields rose on Tuesday to their highest level this year as investors
reassessed their view on the global economy, while stock prices around the world fell on
worrisome U.S. trade data and news on Asian factory activity.    
    
RELATED
> EPA regulator says set to release key herbicide report, lauds biopesticides 
> EPA sends biofuels volumes targets to White House for review -sources   
> Argentine soyoil exports slowed by strike as labor strife grows    
> Kazakhstan cuts forecast for grain exports in 2014/15   
> ADM 1st-qtr profit jumps on strong oilseed processing results  
> Malaysia's Sime Darby shelves $500 mln motor business IPO plan   
> Egypt's FIHC tenders to buy soybean oil and sunflower oil -trade 
                
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's May 1-10 palm oil exports on May 11.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-April
palm oil stocks, exports and production on May 11.
    
    
  Palm, soy and crude oil prices at 0000 GMT
                                                                           
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      MAY5       0    +0.00       0       0       0
  MY PALM OIL      JUN5       0    +0.00       0       0       0
  MY PALM OIL      JUL5       0    +0.00       0       0       0
  CHINA PALM OLEIN SEP5    5102   +64.00    5056    5102  359580
  CHINA SOYOIL     SEP5    5922   +50.00    5892    5928  492640
  CBOT SOY OIL     JUL5   33.10    +2.70   33.06   33.11     372
  INDIA PALM OIL   MAY5  448.00    +2.70  443.10  449.80    2448
  INDIA SOYOIL     JUN5  601.70    +6.00  594.50  604.00   79500
  NYMEX CRUDE      JUN5   60.73    +0.32   60.62   60.88    1719
                                                                           
  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