13 /06/ 2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday June 13.

FUNDAMENTALS

* Malaysian palm oil futures rose on Friday, charting its first gain in four sessions, tracking strength in rival oilseed soy.

* U.S. corn futures dropped 2.8 percent on Monday on forecasts for rain that is expected to bolster the health of a crop stressed by adverse weather throughout planting and early development, traders said.

* Oil edged up on Monday on signs of inventory declines in the United States and news that Saudi Arabia will limit volumes of crude to some Asian buyers in July and deepen cuts to the United States.

MARKET NEWS

* Asian stocks crept higher on Tuesday, defying a weak lead from Wall Street, which was dragged lower by technology stocks for a second day, while the Canadian dollar soared on the possibility interest rates might go up sooner than expected.

RELATED

 Saudi to limit July oil volumes to Asia, slash U.S. volumes -sources

 Vietnam's exporters hunt for robusta coffee as supplies dwindle

 China soybean futures hit 3-month highs on talk of import crackdown

 Crop Watch growers seek rain for their corn, soy -Braun

 Bulk carrier loaded with soy stuck at Santos port in Brazil

DATA/EVENTS

 Cargo surveyor ITS releases Malaysia’s June 1-15 palm oil export data on June 15.

 Cargo surveyor SGS releases Malaysia’s June 1-15 palm oil export data on June 15.

- Reuters