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

* Malaysian palm oil futures snapped a five-day losing streak on Wednesday as

the ringgit slid to its weakest in six years, although gains were capped by

palm's narrowing discount to rival soyoil.

* U.S. wheat futures rose 1.2 percent to a one-week high on Wednesday, extending

four-day gains to nearly 4 percent on short-covering and concerns about dry

weather in U.S. growing regions.

* Benchmark Brent oil jumped 2 percent on Wednesday, rebounding from a one-month

low and widening its gap to U.S. crude, which closed slightly down after a new

record high for oil inventories in the United States.

MARKET NEWS

* The euro slumped to a 12-year low against the dollar on Wednesday, driving

European stocks higher as shares of big exporters gained, while U.S. stocks

slipped on concern over when the Federal Reserve would begin to raise U.S.

interest rates.

RELATED

> Dry weather, costly fertilizer may hurt Brazil, Ukraine corn output

> LatAm, Black Sea grain producers seen boosting output on weak currencies

> Biofuels group calls for U.S. policy change

> Raw sugar turns up from 6-yr low, NY cocoa down for 6th day

> U.S. soy plantings expected at record 86.1 mln acres -Allendale

> Argentine farmers strike to protest leftist government policies

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance

to release data on Malaysia's March 1-15 palm oil exports on March 16.

Palm, soy and crude oil prices at 0452 GMT

Contract Month Last Change Low High Volume

MY PALM OIL FEB5 2240 -24.00 2230 2254 29

MY PALM OIL MAR5 2228 -19.00 2220 2249 388

MY PALM OIL APR5 2210 -20.00 2202 2222 7986

CHINA PALM OLEIN MAY5 4846 -22.00 4844 4874 180294

CHINA SOYOIL MAY5 5514 -52.00 5508 5562 240078

CBOT SOY OIL MAR5 31.48 -3.50 31.47 31.57 2367

INDIA PALM OIL JAN5 434.90 -3.50 434.00 439.50 488

INDIA SOYOIL FEB5 616.00 -9.00 615.70 624.80 50145

NYMEX CRUDE MAR5 45.06 -0.53 44.35 45.35 25835

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

* For a table on Malaysian physical palm oil prices, including refined oil,

Reuters Terminal users can double click on or type.

* To view freight rates from Peninsula Malaysia/Sumatra to China, India,

Pakistan and Rotterdam, please key in and press enter, or double

click between the brackets.