VEGOILS-Market factors to watch Nov 25

Reuters

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

other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures ended lower on Friday, reversing gains as investors

booked profits from prices that soared to more-than-one-year highs, while

prospects of higher output from the world's top producer weighed on the market.

* U.S. soybean futures rallied more than 2 percent on Friday on firm cash

markets, good export demand and spillover strength from higher soymeal futures,

which surged more than 4 percent.

* Brent crude rose by nearly $1 on Friday in heavy spread trading that boosted

the international benchmark's premium to an eight-month high versus U.S. oil.

The spread widened by nearly $1.60, leaving Brent $16.21 over U.S. West Texas

Intermediate (WTI) crude at settlement, the widest level since March.

MARKET NEWS

* Oil prices fell sharply on Monday after Iran and six world powers sealed a

deal curbing its nuclear programme, a fillip for global economic growth and risk

appetites that should benefit share markets.

* The price of benchmark Brent crude oil rose for a second straight session on

Friday on short-covering while U.S. soybeans surged on data showing bullish

exports.

RELATED NEWS

> Indonesia to raise Dec CPO tax to 12 pct, cocoa unchanged

> Indonesian planter PTPN 7 plans up to $171 mln IPO in 2014

> Jump in Indonesian 2014 palm output to weigh on prices

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance

will release Malaysia's Nov. 1-25 palm oil export data on Nov. 25.

Palm, soy and crude oil prices at 2352 GMT

Contract Month Last Change Low High Volume

CBOT SOY OIL JAN4 41.45 +0.00 0.00 0.00 0

NYMEX CRUDE JAN4 94.02 -0.82 93.64 94.19 6975

CBOT soy oil in U.S. cents per pound

Crude in U.S. dollars per barrel

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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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