VEGOILS-Market factors to watch Jan 28

Reuters

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

other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures fell to their lowest in nearly two weeks on Monday

as a fall in global shares curbed appetite for risky assets, but weak local

currency reined in losses.

* U.S. soybean futures rose on Monday after government data showed

larger-than-expected export shipments of the beans and as rains slowed the early

soy harvest in top producer Brazil, traders and analysts said.

* Brent crude oil futures shed more than $1 a barrel on Monday, and U.S. crude

fell almost as much, as investors kept dumping risky assets on worries about

weaker growth in emerging markets.

MARKET NEWS

* Emerging market equities hit a five-month low on Monday to lead a global

stocks sell-off, while Wall Street failed to hold slight gains as sentiment

soured.

* U.S. natural gas futures slumped 6.5 percent on Monday, as a thaw after last

week's deep freeze reduced heating demand across much of the country, while oil

slid as investors shed risky assets and gold fell 1 percent on profit taking

after the precious metal hit a one-month high during the session.

RELATED

> Malaysia's Jan 1-25 palm oil exports fell 10.5 pct -SGS

> Soy rises on U.S. export data, cold boosts corn

> Breakingviews-Proof of potash cartel revival will be in pricing

> Brazil CS sugar output grinds to halt in Jan, Unica says

> Australian grains competition heats up as GrainCorp rivals

circle

> ICE cocoa surges to 2-1/2-yr high as raw sugar tumbles

> Britain makes first rapeseed sale to Turkey

> ICE cocoa surge strengthens market's short-term outlook

DATA/EVENTS

> The Malaysian palm market will be closed for half day on Thursday, Jan. 30

ahead of the Lunar New Year holidays.

> Palm markets closed on Jan. 31 and Feb. 3 for the Lunar New Year and Federal

Territory Day holidays. Trading will resume on Tuesday, Feb. 4.

Key commodity markets at 2332 GMT

Contract Month Last Change Low High Volume

RINGGIT/USD 3.3435 +0.01 0 0

CHINA PALM OLEIN MAY4 0 +0.00 0 0 0

CHINA SOYOIL MAY4 0 +0.00 0 0 0

CBOT SOYOIL MAR4 37.06 +0.00 0.00 0.00 0

NYMEX CRUDE MAR4 95.70 -0.02 95.63 95.74 303

CBOT soy oil in U.S. cents per pound

Dalian soy oil in Chinese yuan per tonne

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 --

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