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VEGOILS-Market factors to watch May 29

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil

markets.

FUNDAMENTALS

* Malaysian palm oil futures rallied to a two-week high on Thursday as traders took advantage of

a falling ringgit, supported by gains in competing markets and signs that the El Nino weather

phenomenon could already be hurting output in East Malaysia.

* U.S. corn futures on Thursday rebounded from a seven-month low after three days of declines in

a short-covering bounce and following a government report showing higher ethanol output and

lower stocks of the corn-based biofuel.

* Oil prices rose in choppy trade on Thursday, snapping two days of sharp losses, after data

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showed a fourth weekly drawdown in U.S. crude stocks.

MARKET NEWS

* The euro rose on Thursday as Greece fought to reach an agreement with its lenders to avoid an

imminent default, but mixed signals on the state of the negotiations kept other markets little

changed.

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DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data

on Malaysia's May palm oil exports on June 1.

Palm, soy and crude oil prices at 0012 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUN5 0 +0.00 0 0 0

MY PALM OIL JUL5 0 +0.00 0 0 0

MY PALM OIL AUG5 0 +0.00 0 0 0

CHINA PALM OLEIN SEP5 5142 +14.00 5118 5162 415648

CHINA SOYOIL SEP5 5748 -12.00 5732 5776 203692

CBOT SOY OIL JUL5 32.05 +1.30 32.04 32.10 886

INDIA PALM OIL MAY5 456.70 +1.30 456.30 458.00 269

INDIA SOYOIL JUN5 597.20 -0.35 596.40 602.90 34595

NYMEX CRUDE JUL5 58.10 +0.42 57.92 58.35 2686

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

* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal

users can double click on or type.

* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and

Rotterdam, please key in and press enter, or double click between the brackets.

* Reuters Terminal users can see cash and futures edible oil prices by double clicking on

the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit

F11.

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 --