KUALA LUMPUR, April 29 (Reuters) - The following factors are likely to
influence Malaysian palm oil futures and other vegetable oil markets on Monday.
FUNDAMENTALS
* Malaysian palm oil futures climbed to a two-week high on Friday, posting its
first weekly gain out of five, as encouraging export data buoyed investor hopes
for resilient global demand.
* U.S soybeans rose for the second straight day on soaring cash markets, tight
soy stocks and slow farmer selling.
* Brent crude oil fell on Friday, following a two-day, $3 rally, as weak
economic data from the United States sounded a note of caution on growth
prospects in the world's largest oil consumer.
MARKET NEWS
* The U.S. dollar tumbled against the yen on Friday after the Bank of Japan
left its monetary policy unchanged, while benchmark U.S. bond yields fell to
near 4-1/2-month lows after the U.S. economy grew less than expected in the
first quarter.
* Gold fell on Friday but still had its biggest weekly gain in more than 3
months and copper and oil also rose for the week, but commodity markets ended
Friday broadly lower after a two-day run-up.
RELATED NEWS
> Louis Dreyfus to expand Canada canola plant
> India's monsoon rainfall seen average in 2013 -minister
> Indonesia cuts crude palm oil tax to 9 pct for May
> Indonesia's Q1 palm exports hit 5.67 mln tonnes -industry body
DATA/EVENTS
> Cargo surveyors to release Malaysia's April exports data on Tuesday.
Key commodity markets at 0021 GMT
Contract Month Last Change Low High Volume
RINGGIT/USD 3.031 -0.00 3.033 3.0315
CHINA PALM OLEIN SEP3 5950 -58.00 5950 6048 564616
CHINA SOYOIL SEP3 7306 -44.00 7302 7374 841628
CBOT SOYOIL JUL3 49.80 +0.26 49.40 49.88 1052
NYMEX CRUDE JUN3 92.57 -0.43 92.54 92.91 1736
CBOT soy oil in U.S. cents per pound
Dalian soy oil in Chinese yuan per tonne
Crude in U.S. dollars per barrel
Vegetable oils --
Malaysian palm oil exports --
CBOT soyoil futures --
CBOT soybean futures --
Indian solvent --
Weekly Indian vegetable oils --
Dalian Commodity Exchange --
Dalian soyoil futures --
Dalian refined palm oil futures --
Zhengzhou rapeseed oil --
European edible oil prices/trades --
(Reporting by the Kuala Lumpur bureau)
