KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Nov 8. FUNDAMENTALS* Malaysian palm oil futures rose slightly in evening trade on Tuesday, snapping three sessions of declines as they tracked overnight strength in Chicago Board of Trade (CBOT) soyoil. * U.S. wheat futures fell on Tuesday after a weekly government report said the recently planted winter crop was in better-than-expected shape and as a firming dollar created a headwind for the grain in export markets. RELATEDChina to pledge more U.S. soy imports during Trump visitAramco oil reserves audit two-thirds complete, may not be finished in 2017 sourcesOPEC seeks consensus on duration of oil cut pact before meetingBP joins Shell in helping Mexico execute oil hedge - sourcesDATA/EVENTSCargo surveyor ITS releases Malaysia's Nov 1-10 palm oil export data on Nov 10. Cargo surveyor SGS releases Malaysia's Nov 1-10 palm oil export data on Nov 10.

Source: The Star November 08, 2017 01:30 UTC