KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Jan 10.
FUNDAMENTALS
* Malaysian palm oil futures rose to an over two-month high on Wednesday evening, charting a second straight day of gains, as traders forecast declining production in the coming months and improving export data.
* U.S. soybean futures rebounded on Wednesday, posting gains for the fifth session in six on hopes that China will accelerate its purchases of U.S. agricultural products following three days of trade talks with the United States this week.
* Oil prices dipped on Thursday on swelling U.S. supply, although the mood in global markets was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth.
MARKET NEWS
* Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.
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DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Jan 1-10 palm oil export data on Jan 10
Cargo surveyor SGS releases Malaysia's Jan 1-10 palm oil export data on Jan 10
Cargo surveyor ITS releases Malaysia's Jan 1-10 palm oil export data on Jan 10
Industry regulator the Malaysian Palm Oil Board releases Malaysia's December palm oil data on Jan 10. - Reuters
