VEGOILS-Market Factors to Watch June 20
20/06/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures edged higher on Friday after a run of losses, supported by a weaker ringgit and short covering, although they still marked a second straight weekly loss.
* U.S. corn and soybean futures rose about 2 percent on Friday, following broad strength in commodities, with uncertainty about Midwest crop weather and fresh soy export demand lending added support.
* Oil prices extended gains on Monday as a weaker dollar and easing worries over Britain's possible exit from the European Union helped buy back the commodity after six straight days of declines.
MARKET NEWS
* Asian stocks gained early on Monday as rising expectations of Britain voting to remain in the European Union lifted risk sentiment and the pound jumped against its peers.
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DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's June 1-20 palm oil export data on June 20.
> Cargo surveyor SGS releases Malaysia's June 1-20 palm oil export data on June 20.
Palm, soy and crude oil prices at 0055 GMT
Contract Month Last Change Low High Volume
MY PALM OIL JUL6 0 +0.00 0 0 0
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5124 +70.00 5094 5130 197910
CHINA SOYOIL SEP6 5948 +54.00 5920 5986 196438
CBOT SOY OIL JUL6 31.74 +6.30 31.59 31.88 951
INDIA PALM OIL JUN6 509.10 +6.30 504.90 512.50 1394
INDIA SOYOIL JUN6 629.00 +0.95 628.20 629.50 2870
NYMEX CRUDE JUL6 48.32 +0.34 48.14 48.49 1465
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel