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

FUNDAMENTALS

* Malaysian palm oil futures dropped to a one-week low in shortened trading on Thursday,

pressured by poor demand and expectations of increased output over the next two months.

* U.S. corn and wheat fell as much as 2 percent on Friday, while soybeans also declined as the

dollar climbed and rains provided needed moisture in the western half of the Midwest Crop Belt.

* Brent crude rose and U.S. futures dipped on Friday in choppy trading as expectations of

increased exports from Iran capped prices and helped both contracts post their third consecutive weekly losses.

MARKET NEWS

* Wall Street's Nasdaq stock index ended at a record high on Friday on a rally in Google shares,

while weak energy stocks and disappointing corporate results from companies such as Boeing and

Volvo hit other European and U.S. indexes and the dollar rallied on strong U.S. inflation and

housing data.

RELATED

> Palm oil makes gains in EU biodiesel, as rapeoil prices climb

> Raw sugar falls further from 8-week high, cocoa pares losses

> White sugar expiry highlights huge Thai stocks overhanging market

> China sells 8.8 pct reserve cotton on offer in first week of sales

> Speculators again up bullish cocoa bet, slash net short in sugar

DATA/EVENTS

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

on Malaysia's July 1-20 palm oil exports on July 20.

Palm, soy and crude oil prices at 0005 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 4864 -74.00 4816 4916 308024

CHINA SOYOIL JAN6 5666 -54.00 5602 5688 270496

CBOT SOY OIL DEC5 32.08 -3.30 32.04 32.11 349

INDIA PALM OIL JUL5 429.50 -3.30 427.10 433.00 788

INDIA SOYOIL AUG5 576.30 -4.15 576.00 581.90 46935

NYMEX CRUDE AUG5 51.67 +0.26 50.91 52.22 2214

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