13/07/2017 (Times of India) - ROTTERDAM, July 13 (Reuters) - Palm oil on the European vegetable oils market dropped on Thursday following losses in futures market, on forecasts for improving crop weather in the U.S. Midwest and due to technical selling following recent gains.

Asking prices for palm oil were between unchanged and $12.50 a tonne lower after Malaysian palm oil futures closed between 17 and 26 ringgit per tonne up.

"Sharply lower CBOT soyoil on expected cooler weather in the U.S. Midwest triggered the fall in the European cash market," one broker said.

At 1630 GMT CBOT soyoil futures were between 0.09 and 0.35 cents per lb lower, tracking weaker Chicago soybean futures.

EU rapeoil was offered at between seven and 15 euros per tonne down from Wednesday, tracking weaker Chicago soyoil futures and sharply lower rapeseed futures on technical selling.

Lauric oils were offered at between $15 a tonne higher and $15 lower. The spread between coconut oil and palmkernel oil was $570 a tonne for July/August shipment. EUROPEAN VEG OILS TRADES

PALM OLEIN RBD, dollars a tonne fob Malaysia Aug 650 (-2.50) Oct/Dec 620/617.50 (-5)

CRUDE PALM OIL, Sumatra/Malaysia sellers option dollars a tonne Apr/Jun 657.50/655

RAPEOIL Dutch/EU, euros a tonne fob exmill Aug/Oct 729 Nov/Jan 721