VEGOILS-Market Factors to Watch June 29
29/06/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures closed slightly lower on Tuesday evening on the back of slow export demand, erasing gains earlier in the day when prices were tracking stronger performing soy.
* Chicago Board of Trade soybean futures rose 1.3 percent on Tuesday to a one-week high, on concerns about crop development in the U.S. Midwest and signs of good export demand, traders said.
* Oil prices jumped 3 percent or more on Tuesday with investors buying back into the market after a two-day rout triggered by Britain's vote to leave the European Union.
MARKET NEWS
* European and U.S. shares rebounded on Tuesday and the battered pound rose as markets digested Britain's vote last week to leave the European Union.
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Palm, soy and crude oil prices at 0028 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 5210 +38.00 5196 5252 242018
CHINA SOYOIL SEP6 6100 +20.00 6092 6142 167738
CBOT SOY OIL DEC6 31.89 -0.80 31.67 31.89 1172
INDIA PALM OIL JUN6 508.20 -0.80 507.60 510.4 599
INDIA SOYOIL JUL6 644.3 -2.85 643.4 647.8 43860
NYMEX CRUDE AUG6 48.15 +0.30 47.98 48.38 6813
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