23/10/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures edged higher on Friday after two straight sessions of declines, tracking overnight gains in overseas markets and on cargo surveyor data showing strong exports.

* U.S. corn futures neared contract lows on Friday and soybeans fell to the lowest levels in a week, pressured by active harvest progress in the heart of the Midwest crop belt, analysts said.

* Oil prices were up slightly on Friday in see-saw trade, ending the week up on support from a sharp decline in Iraqi crude exports due to tensions in the Kurdistan region after contending with weak demand data.

MARKET NEWS

* Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe's ruling bloc gave a green light for more super-easy policy stimulus, while the euro eased as Spain's

constitutional crisis aggravated concerns about political unity in the region.

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DATA/EVENTS

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

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

- Reuters