KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Sept 20.FUNDAMENTALS* Malaysian palm oil futures achieved their biggest daily gains in more than two weeks on Monday, supported by strength in rival oils and expectations that stockpiles will remain tight. * U.S. soybeans rose on Monday for a third straight session, boosted by strength in vegetable oil markets and technical buying. * Oil rallied on Monday before settling off its highs on skepticism over Venezuela's bid to talk up a potential OPEC output freeze and on indications U.S. crude stockpiles had risen last week. MARKET NEWS* The U.S. Treasury yield curve hit its steepest in more than two months on Wednesday, while world stock markets edged lower as investors fretted about future U.S. interest rate hikes. RELATEDBattered by war, Syria's wheat crop halved this year to new lowChina's soybean import growth to slow in 2016/17 - Grain CenterAustralia crimps beef export forecast as farmers cull less cattleVenezuela says global oil supply exceeds demand by 10 percentSuitors for Australia's largest wheat exporter CBH withdraw offerDATA/EVENTSCargo surveyor ITS releases Malaysia's Sept 1-15 palm oil export data on Sept 20.Cargo surveyor SGS releases Malaysia's Sept 1-15 palm oil export data on Sept 20.- Reuters

Source: The Star September 19, 2016 23:48 UTC