VEGOILS-Palm gains on soybean oil, but exports cap gains

Mon Dec 17, 2012 1:04am EST

* Palm edges up on Dalian, Chicago soybean oil
    * Malaysia Dec 1-15 palm oil exports down 6.4 pct -ITS
    * Traders looking out for Malaysia's new crude palm oil tax for Jan

By Chew Yee Kiat
    SINGAPORE, Dec 17 (Reuters) - Malaysian palm oil futures
inched up on Monday, riding on rival soybean oil's gains after
U.S. soy crushing data sent soybeans to a six-week peak.
    Chicago soybeans hit their highest since Nov. 8 after data
from the National Oilseed Processors Association showed U.S.
soybean processors crushed the most soybeans in almost three
years and on higher demand especially from top buyer China.(Reuters)

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