Yahoo News (11/07/2019) - * Palm snaps three previous days of losses * Market earlier down on stronger ringgit - trader (Updates with closing prices, quote) By Emily Chow KUALA LUMPUR, July 11 (Reuters) - Malaysian palm oil futures gained at the close of trade on Thursday, reversing losses made earlier in the session, as firmer U.S. soyoil prices lent support. "Expectations for a U.S. Department of Agriculture report tonight may be supportive, as analysts suggest the government will lower U.S. 2019 soybean production and ending stocks," a trader in Kuala Lumpur said. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange, for September delivery, was up 0.2% at 1,941 ringgit ($471.80) per tonne at the end of the trading day, the first day of gains in four. Palm prices were earlier weighed down by a stronger ringgit , which rose 0.6% against the U.S. dollar, and has strengthened 1.8% so far since June. A stronger ringgit, palm's currency of trade, makes the edible oil more expensive for foreign buyers. Meanwhile, soyoil futures on the Chicago Board of Trade were up 0.1%, while the September soyoil contract on the Dalian Commodity Exchange also ticked up 0.1%. The Dalian September palm oil contract was last trading flat around 1100 GMT. Palm oil prices are impacted by movements in related oils, as they compete for a share in the global vegetable oils market. Palm, soy and crude oil prices at 1100 GMT Contract Month Last Change Low High Volume MY PALM OIL JUL9 0 +4.00 0 0 0 MY PALM OIL AUG9 1912 +4.00 1899 1922 1548 MY PALM OIL SEP9 1939 +4.00 1921 1947 20373 CHINA PALM OLEIN SEP9 4198 +0.00 4188 4218 294290 CHINA SOYOIL SEP9 5446 +4.00 5420 5470 346342 CBOT SOY OIL AUG9 28.13 +0.04 28.02 28.16 1758 INDIA PALM OIL JUL9 493.60 +0.40 491.40 494.3 434 INDIA SOYOIL JUL9 732 +2.35 727.6 732 1960 NYMEX CRUDE AUG9 60.74 +0.31 60.33 60.94 138625 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 ($1 = 4.1140 ringgit) ($1 = 68.4250 Indian rupees) ($1 = 6.8661 Chinese yuan) (Reporting by Emily Chow; Editing by Rashmi Aich and Dale Hudson)

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