Malaysian palm oil/Vegoils: Market factors to watch Tuesday July 5

New challenges: A smallholder harvesting oil palm fresh fruit bunches in Kampung Chenderong Kelubi in Kampung Gajah, Perak.

* Malaysian palm oil futures rose to a one-week high on Monday, lifted by weaker-than-expected output and short-covering before public holidays. 

* U.S. wheat futures sank to multi-year lows on Friday, pressured by an ample global stockpile that was expected to grow even larger due to a bountiful harvest, traders said.