20/11/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Nov 20.

FUNDAMENTALS

* Malaysian palm oil futures fell on Friday, in line for their sixth decline in seven sessions, weighed down by a stronger ringgit and expectations of rising production.

* U.S. corn futures rose about 2 percent on Friday on fund-driven short-covering and talk of increased export demand, while soybeans hit a one-week high as worries about stressful crop

weather in Argentina lifted soymeal futures, analysts said.

* Oil rebounded more than 2 percent on Friday after falling for five straight session as a major U.S. crude pipeline was shut and traders anticipated an OPEC deal to extend curbs on production.

MARKET NEWS

* The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would

succeed in its efforts at overhauling U.S. tax law.

RELATED

 India raises import tax on edible oils to highest in a decade

 U.S. soybeans escape yield losses after signs of chemical damage -BASF

 World 2017/18 sugar production, consumption seen at record -USDA

DATA/EVENTS

 Cargo surveyor ITS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.

 Cargo surveyor SGS releases Malaysia's Nov 1-20 palm oil export data on Nov 20.

- Reuters