KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tursday Jan 5.
* Malaysian palm oil futures fell on Wednesday evening after two sessions of gains, tracking weaker rival oilseed soy, though tight supplies because of lower output curbed further losses.
* U.S. soybean futures rose 1.9 percent on Wednesday on a round of bargain buying following three straight days of declines that pushed the benchmark contract to its lowest since mid-November, traders said.
* Oil prices rose nearly 2 percent on Wednesday on expectations U.S. crude inventories have dropped and on signs that the world's top oil exporters will stick to agreed output cuts that took effect this week.
* Asian stocks edged higher on Thursday, underpinned by a firm Wall Street after minutes from the Federal Reserve's December meeting suggested a less hawkish stance from policymakers.
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Cargo surveyor ITS releases Malaysia's Dec 1-31 palm oil export data on Jan 10.
Cargo surveyor SGS releases Malaysia's Dec 1-31 palm oil export data on Jan 10.