Palm oil market factors to watch on Wednesday

Malaysian palm oil futures fell in evening trade on Thursday, reversing earlier gains as weaker demand weighed on prices and traders took profits ahead of official data due next week.

* Malaysian palm oil futures rose for a second trading day to a one-week high on Tuesday, tracking competing vegetable oils, after suffering losses in the previous two weeks. 

* U.S. soybean Sc1 and wheat Wc1 futures extended gains to multi-month peaks on Tuesday, lifted largely by technical and investment fund buying, traders and analysts said.