02/11/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Nov 2.

FUNDAMENTALS

* Malaysian palm oil futures rose on Wednesday tracking crude oil gains, but traders said the higher prices were not sustainable due to expectations of strong production numbers for October.

* U.S. soybean futures rose to a one-week high on Wednesday on concerns that the U.S. Department of Agriculture (USDA) might lower its forecast of the domestic soybean yield in a monthly report

next week, traders said.

* Oil prices dipped in see-saw trade on Wednesday, hitting their highest in more than two years and then retreating after weekly U.S. government inventory data showed the latest crude stock

draw was not as big as an industry trade group had reported.

MARKET NEWS

* Asian shares advanced on Thursday after the U.S. Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate hike as investors awaited the formal

nomination of the next head of the central bank.

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DATA/EVENTS

 Cargo surveyor ITS releases Malaysia's Nov 1-10 palm oil export data on Nov 10.

 Cargo surveyor SGS releases Malaysia's Nov 1-10 palm oil export data on Nov 10.

- Reuters