13/07/2017 (The Star Online) - KUALA LUPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday July 13.

FUNDAMENTALS
* Malaysian palm oil futures gave up early gains to close slightly lower on Wednesday, tracking weakness in related edible oils in Chicago and on China's Dalian Commodity Exchange.
* U.S. corn futures fell 4 percent on Wednesday after the U.S. Department of Agriculture raised its U.S. old- and new-crop corn ending stocks forecasts more than most analysts expected.

* Oil futures rose, maintaining some gains from earlier in the day, as a report showing hefty drawdowns in U.S. crude inventories was offset by data pointing to lackluster gasoline demand.

MARKET NEWS
* Asian shares scaled a two-year top on Thursday as investors wagered policy tightening in the United States would be glacial at best, lifting Wall Street to record peaks and lowering bond yields almost everywhere.

RELATED
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 Asian refiners tweak their Qatar oil loadings to side-step Gulf spat
 China's CITIC Agri Fund buys Dow corn seed assets for $1.1 bln
 China raises 2017/18 soybean output forecast from previous month

DATA/EVENTS
 Cargo surveyor ITS releases Malaysia’s July 1-15 palm oil export data on July 15.
 Cargo surveyor SGS releases Malaysia’s July 1-15 palm oil export data on July 15.
- Reuters