Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday June 26.
FUNDAMENTALS
* Malaysian palm oil futures reversed earlier losses to chart a second straight session of gains at the close of trade on Monday, as the market's outlook of falling output supported prices.
* U.S. soybean futures fell about 2 percent on Monday on generally favorable Midwest crop weather and worries about trade with China, the world's biggest soy importer, traders said.
* Oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) of oil to hit markets after OPEC agreed to raise production and as U.S. equity markets slipped on trade war fears.
MARKET NEWS
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