The Star Online (28/11/2017) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Nov 28.

FUNDAMENTALS

* Malaysian palm oil futures fell to a four-month low on Monday, tracking softer edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

* Chicago Board of Trade wheat futures sank 1.4 percent to fresh contract lows on Monday, pressured by poor demand for U.S. supplies from overseas buyers, traders said.

* U.S. oil prices fell more than 1 percent on Monday, easing from two-year highs on prospects of higher supply from a planned restart of the Keystone crude pipeline and uncertainty about Russia's resolve to join in extending output cuts ahead of this week's OPEC meeting.

MARKET NEWS

* Asian shares stepped back from decade highs on Tuesday on worries about another sharp sell-off in Chinese stock markets, while the U.S. dollar trod water ahead of a crucial vote for a tax reform in the world's largest economy.

RELATED

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 Goldman calls outcome of upcoming OPEC meeting uncertain

 Iraq invites foreign bids for oil, gas blocks in new areas

 Louis Dreyfus to buy Chinese oilseed firm from Golden Agri

 Germany swings EU vote in favour of weed-killer glyphosate

DATA/EVENTS

 Cargo surveyor ITS releases Malaysia's Nov 1-30 palm oil export data on Nov 30.

 Cargo surveyor SGS releases Malaysia's Nov 1-30 palm oil export data on Nov 30.- Reuters