05/12/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Nov 5.

FUNDAMENTALS

* Malaysian palm oil futures fell from a one-week high on Monday evening, weighed down by a stronger ringgit MYR=, which makes the tropical oil more expensive for holders of foreign currencies.

* U.S. soybean futures 0#S: rose to a three-week high on Monday and soymeal 0#SM: jumped more than 2 percent on buying backed by concerns that dry weather in Argentina will hurt crop yields.

* Oil fell more than 1 percent on Monday on profit-taking as the market eyed signs of rising U.S. production, though prices remained close to recent two-year highs thanks to last week's decision by OPEC and other producers to extend output cuts.

* Wall Street faded having notched record highs on Monday, while the dollar and Treasury yields climbed, after a major U.S. tax overhaul cleared an important hurdle.

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DATA/EVENTS

 Cargo surveyor ITS releases Malaysia's Dec 1-10 palm oil export data on Dec 10.

 Cargo surveyor SGS releases Malaysia's Dec 1-10 palm oil export data on Dec 10.

- Reuters