The Star Online (03/11/2017) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Nov 3.

FUNDAMENTALS

* Malaysian palm oil futures dropped on Thursday, tracking weak soyoil prices and as traders awaited price forecasts from an industry conference.

* U.S. corn futures climbed to a one-week high on Thursday on bargain buying and improving export demand, although gains were limited by reports of higher-than-anticipated U.S. harvest yields.

* Oil markets firmed on Friday, supported by confident sentiment as OPEC-lead supply cuts help tighten the market, but analysts cautioned that the cuts would need to be extended to counter
rising U.S. output.

MARKET NEWS

* Asian share markets edged higher on Friday as investors gave a guarded reception to Republican plans for massive U.S. tax cuts, while welcoming the appointment of a centrist at the helm of the Federal Reserve.

RELATED

 U.S. grain handlers cut costs while talking up signs of recovery

 DuPont to sell cellulosic ethanol plant in blow to biofuel

 Indonesia focuses on palm oil smallholders to raise output

 Egypt issues guidelines on wheat shipments amid ongoing inspection concerns

 Russia says global oil cut deal could be extended, no imminent decision

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