21/09/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures rose for the first time in five sessions on Wednesday, supported by rising export demand and strength in soyoil on the Chicago Board of Trade (CBOT).

* Chicago wheat futures edged higher on Wednesday on bargain buying, although gains were limited due to abundant world supplies.

* Oil prices settled up 2 percent on Wednesday despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts.

MARKET NEWS

* The U.S. dollar shone while Asian shares slipped slightly on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year.

RELATED

> Malaysia's Sept 1 - 20 palm oil exports rise 25.4 pct -ITS

> Malaysia's Sep 1-20 palm oil exports rose 26.8 pct -SGS

> Egypt's GASC receives offers for soyoil, sunflower oil in tender -trade

> Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmaker

> EXCLUSIVE-India's Reliance plans major expansion at world's largest oil refinery complex


DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's Sept 1-20 palm oil export data on Sept 25.

> Cargo surveyor SGS releases Malaysia's Sept 1-20 palm oil export data on Sept 25.