VEGOILS-Market factors to watch Oct 17

Reuters

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

other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures climbed to their highest level in more than five

weeks on Wednesday after healthy demand for the tropical oil fuelled hopes that

stockpiles would be kept in check despite a seasonal rise in output in the

world's top producers.

* U.S. corn futures fell on Wednesday for the first time in three sessions as

forecasts for mostly dry harvest weather over the next week weighed on the

market, though declines were limited by good export demand due to prices near

three-year.

* Crude oil futures rose on Wednesday as it appeared Congress was close to an

11th-hour deal to raise the government's debt ceiling and prevent a default.

MARKET NEWS

* Australian shares opened higher on Thursday, setting the stage for a relief

rally in Asia with Washington on the cusp of securing a deal to lift the

government's borrowing limit and avoid a historic default.

* Many commodity prices ended higher on Wednesday with the energy and metal

markets cheered by the growing likelihood that a last-minute deal to reopen the

U.S. government and avert a debt default would pass.

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> Ivory Coast cocoa prices up on competition, supply concerns

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance

will release Malaysia's Oct. 1-15 palm oil export data on Oct. 17.

> Malaysia's government to set its crude palm oil export tax for November on

Oct. 17.

Key commodity markets at 2354 GMT

Contract Month Last Change Low High Volume

RINGGIT/USD 3.171 -0.01 0 0

CHINA PALM OLEIN JAN4 0 +0.00 0 0 0

CHINA SOYOIL JAN4 0 +0.00 0 0 0

CBOT SOYOIL DEC3 41.37 +0.00 0.00 0.00 0

NYMEX CRUDE NOV3 102.14 -0.15 102.05 102.18 391

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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