The Star Online (19/10/2017) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Oct 19.

FUNDAMENTALS

* Malaysian palm oil futures prices fell on Tuesday after a run of daily gains, on slowing demand and profit-taking ahead of a public holiday on Wednesday.

* U.S. wheat futures fell for a third straight day on Wednesday, pressured by plentiful global supplies and strong competition for export business, especially from Russia, traders said.

* Oil prices settled slightly higher on Wednesday, with Brent touching three-week highs and then retreating after a surprising drop in U.S. refining rates and an unexpected build in fuel stocks
signaled slower demand in the world's top oil consumer.

MARKET NEWS

* Wall Street posted record closing highs on Wednesday, driven by strong earnings, while U.S. Treasuries declined in price as investors focused on monetary policy and the dollar snapped a four-day rally.

RELATED

Palm prices may rise to $850/T on weak output recovery, tight stocks -Mistry

China soy oil stocks at record levels after bean imports rise

EXCLUSIVE-COFCO delays $20 mln port hub in southern Brazil

Fatter herds: China piles into soymeal options ahead of peak demand

OPEC leans towards 9-month extension of oil supply cut - sources

DATA/EVENTS

Cargo surveyor ITS releases Malaysia's Oct 1-20 palm oil export data on Oct 20.

Cargo surveyor SGS releases Malaysia's Oct 1-20 palm oil export data on Oct 20.

- Reuters