The Star Online (23/10/2018) - KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Oct 23.

FUNDAMENTALS

* Malaysian palm oil futures edged up on Monday, snapping two previous sessions of declines, supported by gains in U.S. soyoil and a weaker ringgit, palm's trading currency.

* U.S. corn futures inched higher on Monday, snapping a four-session slide, as forecasts for rains to re-emerge in the Midwest next week raised concerns about harvest delays and crop quality, analysts said.

* Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia's pledge to raise crude production to a record high, two weeks before U.S. sanctions potentially choke off Iranian supplies.

MARKET NEWS

* U.S. stocks closed lower after choppy trade on Monday, as some investors showed signs of earnings season nerves, while political worries in Europe led the dollar to strengthen against the euro and sterling.

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DATA/EVENTS

Cargo surveyor AmSpec releases Malaysia's Oct 1-25 palm oil export data on Oct 20.

Cargo surveyor SGS releases Malaysia's Oct 1-25 palm oil export data on Oct - Reuters
20.