The Star Online (19/11/2018) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Nov 19.

FUNDAMENTALS

* Malaysian palm oil futures fell more than 3 percent on Friday and were expected to remain under pressure until at least the start of 2019 due to high inventories, traders said.

* U.S. soybean futures ended higher on Friday after rebounding on President Donald Trump's comments that his administration may not have to impose further tariffs on China, the world's biggest soybean buyer.

* Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns.

MARKET NEWS

* Asian shares inched cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sino-U.S. trade dispute, while a new-found air of concern on the global outlook at the Federal Reserve undermined the dollar.


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DATA/EVENTS
> Cargo surveyor AmSpec 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