06/11/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Nov 6..

 

FUNDAMENTALS

* Malaysian palm oil futures edged down on Friday, tracking weaker soyoil prices while softer local demand and worries about rising production also weighed on sentiment.

* U.S. soybean futures fell by more than 1 percent on Friday, giving up all of Thursday's rally and more, as Brazil's currency fell, making Brazilian soy more competitive on the global market, analysts said.

* Oil prices rose on Friday, with U.S. crude touching a two-year high, strengthening after U.S.rig data suggested drilling in the United States would throttle back.

 

MARKET NEWS

* World stock markets advanced for a seventh straight session and the dollar strengthened on Friday, buoyed by a round of U.S. economic data highlighted by the monthly payrolls report.

 

 

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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