Malaysian palm oil/Vegoils: Market factors to watch on Wednesday June 10

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday June 10.
    
FUNDAMENTALS
* Malaysian palm oil futures inched down on Tuesday as investors booked profits ahead of key
industry data on monthly inventories and output in the No.2 producer, with prices facing
pressure as the ringgit clawed back gains from nine-year lows. 
* U.S. wheat futures jumped as much as 1 percent on Tuesday, extending gains from the previous
session to a two-month high as investors bet that heavy rains would hit yields of the winter
wheat crop in the southern U.S. Plains. 
* Prices for crude oil, gasoline and diesel jumped more than 3 percent on Tuesday, as bullish
investors made bets across the oil complex for another weekly drop in U.S. stockpiles. 
    
MARKET NEWS
* U.S. stocks ended Tuesday virtually unchanged after a choppy trading day with investors
hesitant to make bets while a sharp increase in oil prices failed to boost energy stocks.
    
    
RELATED
> Russia seen cutting 2015/16 wheat exports due to tax                    
> Ukraine 2015 rapeseed harvest seen at 1.9 mln T -UkrAgroConsult         
> US firm Verdezyne to start up Malaysian biobased chemical plant in 2017 
> Ghana cocoa output to rise in coming 2015/16 season -ICCO               
> Brazil exports 2.50 mln bags green coffee in May - export assoc         
> S.Africa's poultry industry says U.S. imports to cost 6,500 jobs        
        
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's June 1-10 palm oil exports on June 10.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-May
palm oil stocks, exports and production on June 10.
    
  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