KUALA LUMPUR, May 2 (Reuters) - The following factors are likely to
influence Malaysian palm oil futures and other vegetable oil markets on
Thursday.
FUNDAMENTALS
* Malaysian palm oil futures edged higher on Tuesday after a near 2 percent loss
the previous day, but gains were limited by falling exports and investor caution
ahead of a holiday.
* U.S. soybeans fell nearly 2 percent on Wednesday, the biggest daily decline in
a month, after data showed an unexpected slowdown in economic growth in top
commodities buyer China, while traders cited rumors that beans from South
America may be imported into the United States.
* Oil fell more than 2 percent to settle below $100 a barrel on Wednesday as
soft economic data from China stoked pessimism about the global demand outlook
and as U.S. crude oil inventory rose to a record level.
MARKET NEWS
* Oil futures and U.S. stocks dropped on Wednesday as the latest economic data
in the United States and China raised new doubts about the strength of the
global economy.
* Oil, gold and copper tumbled on Wednesday after renewed worries over the
Chinese and U.S. economies drove investors to sell raw materials on the first
trading day of May, a month known for historically weak commodity prices.
RELATED NEWS
> U.S. proposes WTO farm trade talks to boost food security
> Lanworth reduces U.S. corn outlook by 30 million bushels
> ADM resumes running ethanol plants at full capacity
> Malaysia's April palm exports down 4.3 percent-ITS
> Malaysia's April palm oil exports down 5.6 pct - SGS
Key commodity markets at 0019 GMT
Contract Month Last Change Low High Volume
RINGGIT/USD 3.046 +0.00 3.0435 3.0465
CHINA PALM OLEIN SEP3 0 +0.00 0 0 0
CHINA SOYOIL SEP3 0 +0.00 0 0 0
CBOT SOYOIL JUL3 48.85 +0.00 48.81 48.90 470
NYMEX CRUDE JUN3 90.90 -0.13 90.82 91.09 1609
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)
