09/11/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Nov 9.

FUNDAMENTALS

* Malaysian palm oil futures jumped to a one week top on Wednesday evening, charting a second straight day of gains, over concerns that rainy weather could lower production.

* U.S. winter wheat futures ended mixed on Wednesday while soybeans and corn closed slightly higher as traders squared positions ahead of a monthly U.S. Department of Agriculture crop

supply and demand report due out on Thursday, traders said.

* Oil prices settled slightly lower on Wednesday after U.S. government data showed rising domestic crude production, a surprise build in U.S. stockpiles and a decline in monthly Chinese crude imports, a triple blow that was offset somewhat by rising tensions in the Middle East.

MARKET NEWS

* Gains in technology shares helped push the U.S. stock market to record highs on Wednesday despite concerns that Republicans' plans to cut corporate taxes may not win congressional approval as early as expected, prolonging a rally that started in Asia and sent the MSCI All World Index to a record high.

RELATED

 China's break-neck commodities buying slows ahead of winter cuts

 India doubles wheat import tax to 20 pct -govt order -sources

 Large oil traders escape EU's MIFID II trading rules, for now

 U.S. crude stocks build unexpectedly as imports jump, output climbs -EIA

 France's Total buys Engie's LNG business for $1.5 bln

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