Malaysian palm oil/Vegoils: Market factors to watch Thursday Oct 8

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday October 8.
    
FUNDAMENTALS
* Malaysian palm oil futures fell on Wednesday for a second consecutive trading session on a
strengthening ringgit and after its rally last month shifted demand to Indonesia. 
* U.S. grain futures retreated from their highest prices in more than two months on Wednesday
under pressure from advancing U.S. harvests and profit-taking ahead of key crop reports. 
* Oil fell in volatile trading on Wednesday, snapping a three-day rally, after U.S. government
data showing a large crude inventory build surprised traders the day after an industry group had
reported a draw. 
    
MARKET NEWS
* Asian stocks rose modestly on Thursday, taking their cue from gains on Wall Street as the
region braced for a resumption of trading in the Chinese markets after a week-long break.
    
        
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DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's May 1-10 palm oil export data on October 10.
> Cargo surveyor Societe Generale de Surveillance unveils August 1-10 palm oil exports in
Malaysia on October 10.     
    
    
  Palm, soy and crude oil prices at 0039 GMT
                                                                      
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      OCT5       0    +0.00       0       0       0
  MY PALM OIL      NOV5       0    +0.00       0       0       0
  MY PALM OIL      DEC5       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6       0    +0.00       0       0       0
  CHINA SOYOIL     JAN6       0    +0.00       0       0       0
  CBOT SOY OIL     DEC5   28.57    -2.50   28.52   28.62     505
  INDIA PALM OIL   OCT5  427.00    -2.50  425.00  432.50    3106
  INDIA SOYOIL     OCT5  627.45    -0.20  624.70  637.20   44335
  NYMEX CRUDE      NOV5   48.31    +0.50   48.11   48.39    2562
                                                                      
  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