Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Jan 24.
FUNDAMENTALS
* Malaysian palm oil futures rose more than 1 percent in afternoon trade on Tuesday, rebounding from a sharp decline earlier in the session, lifted by bullish sentiment on falling production.
* U.S. grain futures were lower on Tuesday, with wheat dropping about 1 percent and corn easing for the second straight session on chart-based selling and abundant global stockpiles, traders said.
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