Malaysian palm oil/Vegoils: Market factors to watch Friday June 26

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 26.
    
FUNDAMENTALS
* Malaysian palm oil futures closed lower on Thursday, retreating from a one-week high as
investors turned cautious over fading export demand, though a weak ringgit currency limited
losses. 
* U.S. corn futures hit their highest level in two months and soybeans topped $10 a bushel on
Thursday on concerns about excessive rains in the Midwest curbing yield prospects, traders said.
 
* Crude oil fell for a second straight day on Thursday, weighed by weaker U.S. refined fuels
markets and potential negative impact from Greece's debt crisis on European energy demand. 
    
MARKET NEWS
* Global stock markets and oil prices edged lower on Thursday on lingering worries over Greece,
though a Supreme Court ruling upholding tax subsidies drove U.S. hospital stocks to record
highs.    
    
RELATED
> Malaysia's June 1-25 palm exports rise 1.3 pct m/m - ITS               
> Malaysia's June 1-25 palm oil exports fell 0.8 pct -SGS                
> U.S. lawmaker may try to limit funding for biofuels  -sources           
> Rains rally Asia crops in El Nino year, but relief seen short-lived      
> Heavy rains saturate U.S. Midwest crop belt                            
> IGC cuts 2015/16 wheat crop forecast, raises corn outlook                    
             
DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's June palm oil exports on June 30.   
    
  Palm, soy and crude oil prices at 0014 GMT
                                                                    
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      JUL5       0    +0.00       0       0       0
  MY PALM OIL      AUG5       0    +0.00       0       0       0
  MY PALM OIL      SEP5       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6    5162   -14.00    5156    5204  371230
  CHINA SOYOIL     JAN6    5876   -28.00    5866    5918  274550
  CBOT SOY OIL     JUL5   33.37    +2.10   33.34   33.45     223
  INDIA PALM OIL   JUN5  454.80    +2.10  451.80  454.80     843
  INDIA SOYOIL     AUG5  588.05    +2.05  584.10  588.80   55485
  NYMEX CRUDE      AUG5   59.66    -0.04   59.60   59.69     627
                                                                    
  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