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MARKET DEVELOPMENT
Malaysian palm oil/Vegoils: Market factors to watch Thursday Sept 7
calendar07-09-2017 | linkThe Star Online | Share This Post:

07/09/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Sept 7.

FUNDAMENTALS
* Malaysian palm oil futures snapped four days of losses on Tuesday, tracking gains in rival edible oils on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.
* U.S. corn futures hit a two-week high on Wednesday on a mix of short-covering and worries about the pace of U.S. crop maturity, traders said.
* Oil prices rose more than 1 percent on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to
Hurricane Harvey.

MARKET NEWS
* U.S. shares rose on Wednesday and the dollar gained against the safe-haven Japanese yen as upbeat news out of Washington helped mitigate investors' concerns about North Korea's nuclear
weapons tests and a major hurricane barreling towards Puerto Rico and Florida.

RELATED
 From sugar mills to hog farms, U.S. agriculture braces for Irma
 Brazil's Abiove sees record 2018 soy exports
 China's Guangzhou port halts foreign coal imports - sources
 Florida stations face fuel shortages, delays ahead of Irma
 Crop survey confirms French wheat crop's high quality

DATA/EVENTS
 Cargo surveyor ITS releases Malaysia's Sept 1-10 palm oil export data on Sept 10.
 Cargo surveyor SGS releases Malaysia's Sept 1-10 palm oil export data on Sept 10. – Reuters