KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday June 25.
* Malaysian palm oil futures snapped snap a four-session decline on Friday evening, seeing its strongest gains in nearly three weeks, on a weaker production outlook and tracking overnight gains in U.S. soyoil.
* U.S. soybean and corn futures posted losses for the fourth straight week on worries about the escalating trade dispute between the United States and China, although prices rose for the day on Friday as some traders covered short positions.
* Brent crude oil prices fell by more than 2 percent early on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.
* World shares rose on Friday but still registered their biggest weekly decline in three months on continuing global trade tensions, while oil prices surged after OPEC decided on only modest increases in crude production.
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Cargo surveyor AmSpec releases Malaysia's June 1-25 palm oil export data on June 25.
Cargo surveyor SGS releases Malaysia's June 1-25 palm oil export data on June 25. - Reuters
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