Malaysian palm oil futures fell to a two-week low in late trade on Tuesday, dropping nearly 1 percent as the market was weighed down by expectations of rising production.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Aug 16.
FUNDAMENTALS
* Malaysian palm oil futures slid on Tuesday evening to their steepest fall in a week, tracking a decline in exports and weaker performance among other related edible oils.
* Chicago Board of Trade corn 0#C: tumbled to a 10-month low on Tuesday and soybeans 0#S: fell to a six-week low as rains boosted expectations for bumper U.S. crops, traders said.
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