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VEGOILS-Market factors to watch May 30

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

markets. 

 

FUNDAMENTALS 

* 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 

 

MARKET NEWS 

* 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 

 

RELATED 

> 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 

 

DATA/EVENTS 

> 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 

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