Malaysian palm oil/Vegoils: Market factors to watch Monday April 23

Malaysian palm oil futures made gains on Friday evening, their first in three sessions

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday April 23.

FUNDAMENTALS

* Malaysian palm oil futures made gains on Friday evening, their first in three sessions, tracking strength in crude oil prices and as the market saw profit taking in evening trade.

* U.S. wheat, corn and soybean futures fell on Friday, with forecasts for beneficial crop weather across key growing areas sparking a round of fund liquidation ahead of the weekend, traders said.