25/10/2017 (The Star Online) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets .on Wednesday Oct 25

FUNDAMENTALS

* Malaysian palm oil futures reversed gains on Tuesday after hitting a five-week high, with sentiment dented by weakness in the Chicago Board of Trade (CBOT) soyoil and expectations of slower export growth.

 U.S. soybean futures eased on Tuesday after a U.S. government report showed that farmers had increased their pace of harvesting what is expected to be a massive crop after a slow start, analysts said.

* Brent oil rose 1 percent on Tuesday after top exporter Saudi Arabia said it was determined to end a supply glut, while prices also drew support from forecasts of a further drop in U.S. crude inventories as well as nervousness over tensions in Iraqi Kurdistan.

MARKET NEWS

* Asian shares trod water in early trade on Wednesday, while U.S. Treasury yields and the dollar got a lift following a report Republican senators were leaning towards John Taylor to be the next Federal Reserve chief.

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 Iran's SLAL tenders to buy 120,000 tonnes soymeal- trade

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