16 /06/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 16.

FUNDAMENTALS

* Malaysian palm oil futures on Thursday rose for a second consecutive session on the back of concerns over output growth, although the market had earlier shown mixed signals due to a stronger ringgit and weaker exports.

* U.S. wheat futures rose on Thursday, led by a 2.9 percent rally in the benchmark Chicago Board of Trade July contract WN7, on concerns about dry weather leading to crop shortfalls globally.

* Oil prices settled lower for a second straight day on Thursday, as the market was unable to rebound from Wednesday's decline on the back of a surprise build in U.S. gasoline inventories and ongoing worries about heavy global supply.

MARKET NEWS

* Stock indexes around the world fell on Thursday as technology shares resumed their recent sell-off, while the prospect of tighter monetary policy in the United States and Britain pushed up the dollar.

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 NOPA May soybean crush bigger than expected

DATA/EVENTS

 Cargo surveyor ITS releases Malaysia’s June 1-20 palm oil export data on June 20.

 Cargo surveyor SGS releases Malaysia’s June 1-20 palm oil export data on June 20.

-Reuters