The Star Online (04/10/2017) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Oct 4.

FUNDAMENTALS

* Malaysian palm oil futures saw their first daily gain in a week on Tuesday evening, supported by a weaker ringgit.

* U.S. corn futures sagged to their lowest level in nearly a week on Tuesday, pressured by the ongoing harvest and softening cash markets, analysts said.

* Oil prices eased on Wednesday over caution that a price rally that lasted for most of the third quarter would not extend through the last three months of the year.

MARKET NEWS

World shares extended a run of record highs on Tuesday on signs of strong economic growth, while the dollar was slightly weaker against the euro as investors squared positions after a three-week rally and before several days of heavy U.S. data.

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