VEGOILS-Market Factors to Watch July 18
18/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose to their highest in more than a week on Friday, tracking gains in overseas commodity markets, although prices failed to move far above an almost 10-month low hit this week as exports fell and production picked up.
* U.S. corn and soybean futures declined on Friday in a sometimes-volatile session as shifting weather forecasts for the Corn Belt prompted traders to liquidate long positions, analysts said.
* Oil prices extended gains in late trading on Friday after Turkey's armed forces said they had taken power in the country, igniting concerns about potential disruptions to shipments along one of the world's busiest shipping routes.
MARKET NEWS
* The U.S. dollar gained on the yen in Asia on Monday as investors unwound safe-haven trades in the wake of the failed coup in Turkey, while better U.S. economic news and the promise of central bank stimulus lent support to equities.
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Palm, soy and crude oil prices at 0051 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG6 0 +0.00 0 0 0
MY PALM OIL SEP6 0 +0.00 0 0 0
MY PALM OIL OCT6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5230 +36.00 5204 5276 244726
CHINA SOYOIL JAN7 6304 +18.00 6260 6346 210128
CBOT SOY OIL DEC6 31.26 +6.60 30.93 31.27 1945
INDIA PALM OIL JUL6 503.90 +6.60 496.10 504.7 2596
INDIA SOYOIL JUL6 625 -4.00 624.7 630 4410
NYMEX CRUDE AUG6 45.87 -0.08 45.69 46.14 8391
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