Malaysian palm oil/Vegoils: Market factors to watch Wednesday July 8

Kuala Lumpur: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday July 8.
    
FUNDAMENTALS
* Malaysian palm oil finished lower on Tuesday, under pressure from concerns over Greece's
position in the euro zone and weakness in rival soybean oil, although losses were limited by
expectations of lower production. 
* U.S. soybean futures touched a one-week low on Tuesday and grain futures slipped as a wave of
concern about the global economy dragged down commodities and equities. 
* U.S. crude oil futures steadied on Tuesday after falling sharply a day earlier on worries
about Greece's indebtedness and China's stock market losses, although charts indicated renewed
selling could push prices into bear market territory. 
    
MARKET NEWS
* Copper and other metals plunged on Tuesday as the euro sank to a five-week low against the
dollar after the European Central Bank tightened lending conditions for Greek banks and as the
collapse in equities prices in China drove fears about the country's economy.    
    
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DATA/EVENTS 
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's July 1-10 palm oil exports on July 10.   

    
  Palm, soy and crude oil prices at 0020 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    4774  -198.00    4774    4920  410138
  CHINA SOYOIL     JAN6    5474  -228.00    5474    5654  393724
  CBOT SOY OIL     DEC5   31.97   -14.30   31.84   31.99    1218
  INDIA PALM OIL   JUL5  428.20   -14.30  428.10  442.80    1924
  INDIA SOYOIL     AUG5  570.50   -10.85  569.40  581.50   93890
  NYMEX CRUDE      AUG5   52.79    +0.46   52.66   52.96    2073
                                                                         
  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