05/10/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Oct 5.

FUNDAMENTALS

* Malaysian palm oil futures hit one-week highs on Wednesday, supported by technical buying and expectations of a slight rise in end-September inventory levels.

* U.S. soybean futures rose slightly on Wednesday, reflecting a slowdown in the Midwest harvest as rains stalled fieldwork and weak cash values discouraged farmer selling, analysts said.

* Oil prices dipped on Thursday after the United States reported record crude exports, although traders said that efforts led by OPEC and Russia to cut production meant markets remained well supported overall.

MARKET NEWS

Asian shares were a tad firmer on Thursday, taking their cues from strong U.S. data although holiday-thinned trade and uncertainty about the impact of recent hurricanes on the U.S. economy are likely to keep investors cautious.

RELATED

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 Indonesia cocoa output to drop over 10 pct in 2017/18 -trader

 Brazil soy exports unfazed despite record U.S. campaign -Braun

 Saudi Aramco plans expansion in India with new unit -sources

 Offshore rig firms see end to worst downturn in history

DATA/EVENTS

 Cargo surveyor ITS releases Malaysia's Oct 1-10 palm oil export data on Oct 10.

 Cargo surveyor SGS releases Malaysia's Oct 1-10 palm oil export data on Oct 10. - Reuters