KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday May 8.
FUNDAMENTALS
* Malaysian palm oil futures clocked their highest daily gain in four months on Monday, tracking an uptrend in crude oil prices and supported by soyoil on the U.S. Chicago Board of Trade.
* U.S. soybean futures fell to a one-month low Monday as soymeal tumbled for a fourth straight session, pressured by long liquidation and easing concerns about a crop shortfall in Argentina, analysts said.
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