Malaysian palm oil fell on Friday evening in a second day of declines, weighed down by a stronger ringgit, its currency of trade.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 12.
FUNDAMENTALS
* Malaysian palm oil futures rebounded from losses in its first half trading session, rising on Friday evening due to a weaker ringgit MYR= and expectations of stronger export data.
* U.S. wheat and corn futures fell on Friday, retreating from multi-month highs established a day earlier as traders took profits and focused on prospects for better weather in the drought-hit U.S. Plains wheat belt.
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