VEGOILS-Market factors to watch Oct 21

Reuters

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

other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures ended higher on Friday, reversing some losses in

the morning session after the ringgit eased a little, while hopes of only a

slight rise in stocks lifted prices to post their second weekly rise in a row.

* U.S. wheat surged nearly 3 percent on Friday, passing $7 per bushel for the

first time since June, as a smaller-than-expected production forecast from

Argentina fed optimism about the demand outlook for U.S. supplies.

* Oil prices settled moderately higher on Friday as China reported that its

economy grew in the third quarter at its quickest pace this year, and as the

U.S. dollar weakened.

MARKET NEWS

* Global stock markets climbed to a five-year high on Friday as investors bet

the Federal Reserve would extend its stimulus policy well into 2014, but

uncertainty over when U.S. interest rates will rise caused the dollar to sink to

an eight-month low.

* Commodity markets closed mixed on Friday, with crude oil up as the dollar

declined and gold down on profit taking after a 3 percent jump a day earlier, as

investors pondered their next moves after the U.S. budget battles in Washington.

RELATED NEWS

> USDA sets 2-week plan to bring Export Sales reports up to date

> POLL-U.S. corn and soybean yield prospects increase -analysts

Ÿ

> Indonesia palm expansion curbs seen thwarting 2020 output goal

> China suspends weekly state soy sales - exchange

> Goldman maintains neutral recommendation on commodities

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance

will release Malaysia's Oct. 1-20 palm oil export data on Oct. 21.

> ADVISORY-USDA reschedules several agricultural reports

Key commodity markets at 2323 GMT

Contract Month Last Change Low High Volume

RINGGIT/USD 3.157 +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 DEC3 41.68 +0.00 0.00 0.00 0

NYMEX CRUDE NOV3 100.72 -0.09 100.63 100.80 184

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

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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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