The Star Online (29/11/2017) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Nov 29.

FUNDAMENTALS

* Malaysian palm oil futures charted a second consecutive day of losses on Tuesday evening despite seeing gains earlier in the day, as a stronger ringgit, which makes the tropical oil more expensive for foreign buyers and aids demand, weighed on prices.

* U.S. December corn futures fell to a life-of-contract low on Tuesday on technical selling and ample global supplies, traders said.

* Oil prices eased on Tuesday, weighed down by uncertainty over the outcome of an OPEC meeting this week at which an extension to its price-supporting oil output cuts will be discussed.

MARKET NEWS

* Asian shares rose and the dollar held firm on Wednesday after Wall Street shot to record peaks amid signs of progress on U.S. tax cuts, upbeat economic data and bank-friendly comments from
the would-be head of the Federal Reserve.

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DATA/EVENTS

Cargo surveyor ITS releases Malaysia's Nov 1-30 palm oil export data on Nov 30.

Cargo surveyor SGS releases Malaysia's Nov 1-30 palm oil export data on Nov 30.
- Reuters