10/11/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures fell in the second half of trade on Thursday, dropping from a

one-week high earlier in the session on expectations of weaker cargo surveyor export data

scheduled for release on Friday.

* U.S. corn futures plunged to contract lows on Thursday after the U.S. Department of

Agriculture projected a bigger-than-expected 2017 U.S. harvest because of a record-large average

yield that topped even the highest trade forecasts.   

* Oil prices rose nearly 1 percent on Thursday, supported by supply cuts by major exporters as

well as continuing concern about political developments in Saudi Arabia.

MARKET NEWS

*  Broad equity market declines in Asia and Europe on Thursday, combined with growing concerns

that the Republican-led U.S. corporate tax cut may not pass this year, spoiled the longest

winning streak for MSCI's global stock index since 2003.

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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