08.05.2018 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday May 8.

FUNDAMENTALS

* Malaysian palm oil futures clocked their highest daily gain in four months on Monday, tracking an uptrend in crude oil prices and supported by soyoil on the U.S. Chicago Board of Trade.

* U.S. soybean futures fell to a one-month low Monday as soymeal tumbled for a fourth straight session, pressured by long liquidation and easing concerns about a crop shortfall in Argentina, analysts said.

* Oil prices rose for the fourth straight day on Monday to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the possibility that the United States could re-impose sanctions on Iran.

MARKET NEWS

* The dollar rose to fresh 2018 highs on Monday while oil prices climbed to their highest since late 2014, driven by declining Venezuelan crude production and worries the United States could re-impose sanctions on Iran.

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DATA/EVENTS

 Cargo surveyor AmSpec releases Malaysia's May 1-10 palm oil export data on May 10.

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