05/08/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday August 5.
   
FUNDAMENTALS
* Volatile Malaysian palm oil futures retreated from 11-month lows on Tuesday, finishing higher while tracking crude oil prices and as traders covered short positions.
* Corn futures edged higher on Tuesday, recovering from a six-week low as bargain-buying and an outlook for drier U.S. weather offset pressure from comfortable global supply.
* Global crude prices rose from multi-month lows on Tuesday, helped by a stock market rally in No. 2 oil consumer China, but abundant supply and a weak demand outlook make crude's rebound unlikely to hold, traders and analysts said.
   
MARKET NEWS
* The U.S. dollar rose on Tuesday, while stocks and Treasuries prices fell after comments from a top Federal Reserve official brought forward market expectations of an interest rate increase.
   
       
RELATED
> El Nino has emerged and expected to strengthen                   
> Progress lags on paving key soy road in Brazil - soy growers     
> Brazil presents another hurdle in Monsanto's bid for Syngenta    
> Australia wants exposure to future U.S sugar demand in trade pact
> Raw sugar bounces up from 6-1/2-year low, cocoa eases            
   
   
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data
on Malaysia's August 1-10 palm oil exports on August 10.
 
  Palm, soy and crude oil prices at 0009 GMT
                                                                    
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      AUG5       0    +0.00       0       0       0
  MY PALM OIL      SEP5       0    +0.00       0       0       0
  MY PALM OIL      OCT5       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6    4784   +28.00    4766    4798  253962
  CHINA SOYOIL     JAN6    5520   +24.00    5496    5542  214348
  CBOT SOY OIL     DEC5   30.66    -2.00   30.64   30.71     291
  INDIA PALM OIL   JUL5  419.10    -2.00  417.50  420.40     856
  INDIA SOYOIL     AUG5  576.50    +6.00  568.20  576.60   66095
  NYMEX CRUDE      SEP5   48.50    -0.02   48.43   48.57    1325
                                                                    
  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