20/07/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday July 20.

FUNDAMENTALS

* Malaysian palm oil futures rebounded on Thursday evening, lifted from an earlier two-week low by expectations of stronger cargo surveyor data due for release on Thursday.

* Chicago Board of Trade corn and soybean futures rose about 1 percent on Wednesday, extending gains from the previous session on outlooks for mostly dry weather that likely will stress U.S.

crops, traders and analysts said.

* Oil prices jumped almost 2 percent to a six-week high on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in

distillate inventories.

MARKET NEWS

* A broad barometer of global stocks rose for a ninth straight session on Wednesday as earnings season in the United States and Europe heated up, while the dollar clawed back from 10-month

lows and oil prices jumped.

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DATA/EVENTS

 Cargo surveyor ITS releases Malaysia’s July 1-15 palm oil export data on July 20.

 Cargo surveyor SGS releases Malaysia’s July 1-15 palm oil export data on July 20.

- Reuters