VEGOILS-Market factors to watch May 30
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil
* Malaysian palm oil futures fell to their lowest in a month on Monday, due to lower demand as a supply crunch eased and as technical selling weighed on prices. POI/
* U.S. soybean futures fell to a 13-month low on Friday while corn and wheat each gained more than 1 percent on spreading and position squaring ahead of a three-day weekend, traders and analysts said. GRA/
* Oil prices rose slightly on Monday, barely paring last week's steep losses with the market remaining cautious as increases in U.S. drilling activity have undercut an OPEC-led push to tighten supply. O/R
* Concern over Italy's banks and Britain's national election dominated holiday-thinned European financial markets on Monday, pushing stock markets lower after Asian share indices fell back off two-year highs. MKTS/GLOB
> Philippines passes in tender to buy up 50,000 T soymeal - trade
> S.Korea's FLC bought 60,000 T soymeal in deal last week-trade
> Indian oilseeds fall to multi-year lows on supply
> EU oilseed crop estimates from Strategie Grains
> Argentina expects record 2017/18 wheat crop of 20 mln tonnes
> Cargo surveyor ITS releases Malaysia's May 1-31 palm oil export data on May 31.
> Cargo surveyor SGS releases Malaysia's May 1-31 palm oil export data on May 31.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type MYPALM/FLAT .
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 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