08/09/2017 (The Star Online ) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Sept 8.

FUNDAMENTALS

* Malaysian palm oil futures reversed early losses on Thursday, rising more than 1 percent on expectations of positive news from the the European Union's (EU) decision on biodiesel anti-dumping duties.

* U.S. corn futures on Thursday sagged 1.7 percent on technical selling and expectations of a U.S. bumper harvest that would enlarge the already massive global supply of the grain, traders said.

* Oil futures were mixed on Thursday, with Brent rising to a 5-1/2 month high while U.S. crude slipped on a bigger-than expected crude stock build, as the restart of U.S. refiners after Hurricane Harvey was countered by the threat of Hurricane Irma.

MARKET NEWS

* The euro surged on Thursday after the European Central Bank indicated it was preparing to scale back its stimulus program, while gold rose to a one-year high after the U.S. dollar tumbled.

RELATED

 EU set for big sugar beet crop as EU drops quotas

 EU to reopen biodiesel market to Argentine exporters

 India, China regulators ask Potash to sell stake for merger with Agrium

 U.S. crude stocks jump, Gulf refinery runs hit record low due to Harvey -EIA

 Monsanto fights back against Arkansas limits on herbicide

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