KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday May 4.
FUNDAMENTALS
* Malaysian palm oil futures slid to their lowest in over a year in late trade on Thursday, charting a sixth day of losses in eight, as traders turned bearish over weakening export demand.
* U.S. wheat futures climbed to multimonth highs Thursday on a mix of short-covering and worries about the size of the hard red winter wheat crop in top producer Kansas, traders said.
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