VEGOILS-Market factors to watch Oct 28

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 after weaker-than-expected

export data fanned concerns that demand for the tropical oil has begun to taper,

while a stronger ringgit following the Malaysian budget announcement curbed

buying.

* U.S. grain and soybean futures dropped on Friday ahead of what is expected to

be an active weekend of harvesting in the United States, the world's top crop

producer.

* U.S. oil futures ended higher for the second day in row on Friday while

European Brent crude fell, tightening the trans-Atlantic spread as traders bet

that increasing refinery operations and a major new Midwest pipeline will slow

the rise in inventories.

MARKET NEWS

* World equity indexes were near five-year highs on Friday as major U.S.

technology companies propelled Wall Street to another day of gains, sending the

S&P 500 index to close at a record.

* Gold closed flat on Friday, concluding a second week of strong gains as

investors bet that continuing U.S. economic stimulus from the Federal Reserve

will keep drawing funds into the precious metal, but copper slid, hitting a

two-week bottom as demand outlook for the base metal eroded.

RELATED NEWS

> Malaysia to help palm sector with new biodiesel blend rules

> Malaysia's Oct 1-25 palm oil exports rose 3.8 pct -SGS

> Malaysia's Oct 1-25 palm oil exports down 0.6 pct-ITS

> U.S. soybeans dip ahead of active U.S. harvesting weekend

> Bunge's new chief challenges status quo in first months on job

> Belarus plans to boost potash sales to China

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance

will release Malaysia's October palm oil export data on Oct. 31.

Key commodity markets at 2339 GMT

Contract Month Last Change Low High Volume

RINGGIT/USD 3.1425 -0.02 0 0

CHINA PALM OLEIN MAY4 0 +0.00 0 0 0

CHINA SOYOIL MAY4 0 +0.00 0 0 0

CBOT SOYOIL DEC3 40.73 +0.00 0.00 0.00 0

NYMEX CRUDE DEC3 97.58 -0.27 97.51 97.88 1561

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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