The following factors are likely to influence Malaysian palm oil futures and other vegetable oil

* Chicago Board of Trade soybean futures surged 2.9 percent on Thursday on concerns that more

rain in the U.S. Midwest would hinder crop development, traders said.

* Chicago Board of Trade soybean futures surged 2.9 percent on Thursday on concerns that more

rain in the U.S. Midwest would hinder crop development, traders said.

* Oil rebounded sharply on Thursday from three-month lows hit earlier this week, with prices up

nearly 3 percent as China's collapsing stock market steadied and oil traders remained uncertain

about negotiations for a nuclear deal that will allow Iran to export more crude.

MARKET NEWS

* U.S. stock futures jumped and the euro gained in early Asian trade on Friday after Greece

offered new reform proposals to creditors, raising hopes of a cash-for-reform deal at a weekend

summit of European leaders.

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DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data

on Malaysia's July 1-10 palm oil exports on July 10.

Palm, soy and crude oil prices at 0020 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUL5 0 +0.00 0 0 0

MY PALM OIL AUG5 0 +0.00 0 0 0

MY PALM OIL SEP5 0 +0.00 0 0 0

CHINA PALM OLEIN JAN6 4896 +172.00 4818 4908 326716

CHINA SOYOIL JAN6 5672 +218.00 5582 5672 399760

CBOT SOY OIL DEC5 32.87 +5.10 32.77 32.97 710

INDIA PALM OIL JUL5 436.00 +5.10 430.50 437.90 1733

INDIA SOYOIL AUG5 580.90 +8.00 573.50 581.90 79445

NYMEX CRUDE AUG5 52.72 -0.06 52.48 52.98 3570

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