The following factors are likely to influence Malaysian palm oil futures and
Related Stories other vegetable oil markets. Reuters

FUNDAMENTALS

* Malaysian palm oil futures rose on Thursday, with prices range-bound as many

traders sat on their hands as they awaited fresh impetus and direction in a

lacklustre market with thin volumes.

* U.S. wheat futures jumped to their highest level in six weeks on Thursday on

worries that rains in the U.S. Plains next week will be insufficient to relieve

intensifying drought conditions.

* Brent oil fell nearly 4 percent on Thursday after a preliminary pact between

Iran and global powers on Tehran's nuclear program, even as officials set

further talks in June and analysts questioned when the OPEC member will be

allowed to export more crude.

MARKET NEWS

* U.S. stocks climbed on Thursday after two sessions of losses, as a fall in

jobless claims raised optimism ahead of a key payrolls report, while oil tumbled

on fears of worsening oversupply if sanctions over Iran's nuclear program are

dropped.

RELATED

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-spokeswoman

> Russia to decide on extension of wheat export tax - government

DATA/EVENTS

> NIL

Palm, soy and crude oil prices at 0025 GMT

Contract Month Last Change Low High Volume

MY PALM OIL APR5 0 +0.00 0 0 0

MY PALM OIL MAY5 0 +0.00 0 0 0

MY PALM OIL JUN5 0 +0.00 0 0 0

CHINA PALM OLEIN SEP5 4664 +8.00 4646 4680 165776

CHINA SOYOIL SEP5 5380 -6.00 5368 5408 221428

CBOT SOY OIL MAY5 31.04 -2.80 0.00 0.00 0

INDIA PALM OIL APR5 435.60 -2.80 434.30 437.50 425

INDIA SOYOIL APR5 590.20 +0.20 588.30 591.70 8060

NYMEX CRUDE MAY5 49.14 +0.00 0.00 0.00 0

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