Malaysian palm oil/Vegoils: Market factors to watch Thursday Feb 15

Lower production: Export of palm oil products declined by 8.2% in 2016 to 23.29 million tonnes from 25.37 million tonnes a year ago, mainly due to lower production.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Feb 15.

FUNDAMENTALS

* Malaysian palm oil futures fell late on Wednesday, charting a second day of declines, tracking overnight falls in U.S. soyoil on the Chicago Board of Trade (CBOT) and on a stronger ringgit.

* U.S. corn and soybean futures firmed on Wednesday, stabilizing near recent highs on persistent concerns about dry weather in Argentina hurting crops as they pass through key stages of development, traders said.