04/07/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday July 4.

FUNDAMENTALS
* Malaysian palm oil futures jumped on Monday, tracking strong gains in soyoil on the Chicago Board of Trade (CBOT) and related edible oils on China's Dalian Commodity Exchange.
* U.S. wheat, soybean and corn futures rose in an abbreviated session ahead of the July Fourth holiday, buoyed by worries that hot and dry weather in the northern Plains spring wheat belt could spread into the western Midwest, analysts said on Friday.
* Oil rose more than 2 percent on Monday, resuming its longest stretch of daily gains in more than five years after data pointed to diminished U.S. output, though analysts said news of rising OPEC production could cap gains.

MARKET NEWS

* Asian shares climbed on Tuesday, following positive leads from Europe and the U.S. as oil's longest stretch of daily price gains in over five years lifted energy shares and investor rotation out of technology into financials continued.

RELATED
 COLUMN-TR Crop Watch: Favorable weather bolsters corn, soy to begin July
 USDA May soybean crush seen at 158.5 mln bushels
 S.Korea's NOFI bought at least 6,000 T palm kernel in tender
 Syrian wheat crop to fall far short of government forecast - sources
 High Argentine corn yields make up for weather-related losses

DATA/EVENTS
 Cargo surveyor ITS releases Malaysia’s July 1-10 palm oil export data on July 10.
 Cargo surveyor SGS releases Malaysia’s July 1-10 palm oil export data on July 10. - Reuetrs