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KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Aug 18.
FUNDAMENTALS
* Malaysian palm oil futures scored their first gain in four sessions on Thursday, tracking stronger edible oils and lifted by tighter supplies, traders said.
* Chicago Board of Trade wheat futures 0#W: fell about 1 percent to life-of-contract lows on Thursday, weighed down by investment fund short selling and abundant global supplies, traders said.
* Oil prices fell early on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening.
MARKET NEWS
* Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump's ability to fulfill his economic agenda.
RELATED
U.S. soybean export sales build as China buying accelerates
EU 2017/18 soybean imports down 15 pct, palm oil down 3 pct
Brazil farmers run out of space as bumper crops pile up
Brazil's grain exports from northern ports rise to 24 pct
DATA/EVENTS
Cargo surveyor ITS releases Malaysia's Aug 1-20 palm oil export data on August 20.
Cargo surveyor SGS releases Malaysia's Aug 1-20 palm oil export data on August 20. - Reuters
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