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VEGOILS-Market factors to watch March 3

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

other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures rose for a third day on Monday to their highest in

six weeks, spurred by gains in competing markets, ahead of an important industry

meeting in Malaysia, traders said.

* U.S. wheat futures dropped 2.5 percent on Monday on poor export demand and

lessened concerns about damage to the dormant U.S. crop, traders said.

* Brent futures fell 5 percent, its most in a month, on Monday as speculation of

a nuclear deal that could lift Iran's sanctions and boost its oil exports

brought worries about high supplies back to the market.

MARKET NEWS

* The U.S. dollar hovered close to an 11-year high against a basket of

currencies while Asian shares firmed in early trade on Tuesday, with sentiment

bolstered by another record day on Wall Street.

RELATED

> Malaysia's February palm oil exports fell 10.4 pct -SGS

> As palm industry meets, price direction rests on crude oil

> Malaysia's February palm exports down 14.5 pct m/m -ITS

> Argentina tracks soy hoarding by registering 'silo-bag' sales

> U.S. farmers book new-crop soy sales on surprise rally

> Venezuela coffee output sinks, swaps oil for Nicaraguan beans

> Heat and dry weather could threaten Ivory Coast cocoa mid-crop

> Raw sugar hits 5-month low, arabica weakest in a year

> Egypt's GASC buys 110,000 tonnes Russian and Ukrainian wheat

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance

to release data on Malaysia's February palm oil exports on March 2.

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.

* Reuters Terminal users can see cash and futures edible oil prices by

double clicking on the codes in the brackets: To go to the next page in the same

chain, hit F12. To go back, hit F11.

Vegetable oils --

Malaysian palm oil exports --

CBOT soyoil futures --

CBOT soybean futures --

Indian solvent --

Weekly Indian vegetable oils --

Dalian Commodity Exchange --

Dalian soyoil futures --

Dalian refined palm oil futures --

Zhengzhou rapeseed oil --

European edible oil prices/trades --