Malaysian palm oil/Vegoils: Market factors to watch Wednesday Jan 9

Malaysian palm oil futures rose nearly 2 percent on Tuesday, hitting their highest in nearly three weeks, as production rose more slowly than expected.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Jan 9..

FUNDAMENTALS

* Malaysian palm oil futures rose nearly 2 percent on Tuesday, hitting their highest in nearly three weeks, as production rose more slowly than expected.

* U.S. soybean futures declined for the first time in five sessions on Tuesday in a profit-taking and technical setback after notching 3-1/2-week highs a day earlier.