Malaysian palm oil/Vegoils: Market factors to watch Thursday May 21

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday May 21.
    
FUNDAMENTALS
* Malaysian palm oil futures slipped to the lowest in almost three weeks on Wednesday,
stretching their losses into a fourth session as weakness in comparative markets overseas
dragged, although robust export demand put a floor under prices. 
* U.S. soybeans fell to seven-month lows and corn to one-week lows on Wednesday, pressured by
forecasts for nearly ideal growing conditions for the crops next week. 
* Oil prices rebounded on Wednesday, with U.S. crude snapping a five-day decline, after another
weekly inventory draw but gains were still limited by a huge supply overhang and concerns about
a stronger dollar. 
    
MARKET NEWS
* The dollar rose and U.S. Treasury yields fell on Wednesday after minutes from the latest
Federal Reserve meeting bolstered expectations that U.S. interest rates will remain near zero
until later in 2015.    
    
RELATED
> Malaysia's May 1-20 palm oil exports rose 48.1 pct -SGS               
> Ukraine raises 2015 grain harvest forecast to 60 mln T - source       
> Malaysia's May 1 - 20 palm oil exports jump 52.6 pct -ITS             
> U.S. bird flu outbreak to hit local grain prices as uneaten feed sold 
> ICL eyes Brazil fertilizer assets, SQM in Latin America move          
> Brazil's JBS looking for deals in Americas, Australia -CEO            
> Brazil's SCA Trading sees ethanol prices up 11 pct in 2015-16         
                                                          
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's May 1-25 palm oil exports on May 25.
    
  Palm, soy and crude oil prices at 0452 GMT
                                                                                              
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      FEB5    2240   -24.00    2230    2254      29
  MY PALM OIL      MAR5    2228   -19.00    2220    2249     388
  MY PALM OIL      APR5    2210   -20.00    2202    2222    7986
  CHINA PALM OLEIN MAY5    4846   -22.00    4844    4874  180294
  CHINA SOYOIL     MAY5    5514   -52.00    5508    5562  240078
  CBOT SOY OIL     MAR5   31.48    -3.50   31.47   31.57    2367
  INDIA PALM OIL   JAN5  434.90    -3.50  434.00  439.50     488
  INDIA SOYOIL     FEB5  616.00    -9.00  615.70  624.80   50145
  NYMEX CRUDE      MAR5   45.06    -0.53   44.35   45.35   25835
                                                                                              
  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