VEGOILS-Market Factors to Watch June 17
17/06/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Thursday evening, hitting a five-month low and recording a ninth straight day of losses, as traders sell because of concerns of export weakness.
* U.S. soybean and corn futures fell on Thursday as funds liquidated long positions on improving U.S. weather forecasts and broad weakness in commodity and equities markets, analysts said.
* Oil prices slumped about 4 percent and hit one-month lows on Thursday, settling down for a sixth straight day, on fears of global economic turmoil if Britain exits the European Union.
MARKET NEWS
* Sterling rose versus the dollar and U.S. stocks broke a five-day losing streak on Thursday as campaigning for Britain's vote on whether to leave the European Union was temporarily suspended following the shooting death of a pro-EU British lawmaker.
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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 0016 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 5038 -46.00 4998 5074 263320
CHINA SOYOIL SEP6 5896 -66.00 5828 5920 273616
CBOT SOY OIL JUL6 31.2 -13.10 31.15 31.22 298
INDIA PALM OIL JUN6 502.00 -13.10 501.00 514 1915
INDIA SOYOIL JUN6 627.1 -4.65 627.1 631.6 4830
NYMEX CRUDE JUL6 46.27 +0.06 45.83 46.33 6438
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