The Star Online (15/12/2017) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Dec 15.

FUNDAMENTALS

* Malaysian palm oil futures hit a 16-month low on Thursday, weighed down by low demand and high stockpiles, as well as weakness in edible oils on China's Dalian Commodity Exchange.

* U.S. soybean futures sagged to their lowest in more than two months on Thursday, weighed down by forecasts for much-needed rains in Argentina, traders said.

* Oil prices rose on Thursday as a pipeline outage in Britain continued to support prices despite forecasts showing global crude surplus in the beginning of next year.

MARKET NEWS

* Asian shares edged higher on Friday, on track for weekly gains, though sentiment was kept in check by Wall Street's weakness on concerns about the progress of U.S. tax reform.

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DATA/EVENTS

 Cargo surveyor ITS releases Malaysia's Dec 1-15 palm oil export data on Dec 15.

 Cargo surveyor SGS releases Malaysia's Dec 1-10 palm oil export data on Dec 12.
- Reuters