Malaysian palm oil/Vegoils: Market factors to watch Monday Sept 3

Malaysian palm oil futures saw their sharpest fall in seven weeks on Friday evening, weighed down by weak export demand and losses in related edible oils on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Sept 3.

FUNDAMENTALS

* Malaysian palm oil futures inched higher on Thursday evening on a weaker ringgit and xpectations that export figures due early next week will show monthly gains.

* U.S. corn and soybean futures rose on Friday as traders covered short positions ahead of a long holiday weekend, but both commodities posted monthly declines as prospects for large U.S. harvests weighed on prices.