KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Nov 5. FUNDAMENTALS* Malaysian palm oil futures fell from a one-week high on Monday evening, weighed down by a stronger ringgit MYR=, which makes the tropical oil more expensive for holders of foreign currencies. * U.S. soybean futures 0#S: rose to a three-week high on Monday and soymeal 0#SM: jumped more than 2 percent on buying backed by concerns that dry weather in Argentina will hurt crop yields. MARKET NEWS* Wall Street faded having notched record highs on Monday, while the dollar and Treasury yields climbed, after a major U.S. tax overhaul cleared an important hurdle. Cargo surveyor SGS releases Malaysia's Dec 1-10 palm oil export data on Dec 10.

Source: The Star December 05, 2017 01:07 UTC