KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Jan 18.
* Malaysian palm oil futures reversed losses in its second half of trade on Thursday, rising to a one-week peak as sentiment turned bullish on higher price forecasts from an industry conference.
* U.S. corn, soybean and wheat futures climbed for a second straight session on Thursday in a short-covering and technical bounce following a steep drop earlier this week.
* Oil prices steadied on Thursday, boosted by a rebound in U.S. equities and news that OPEC sharply curtailed production in December, after earlier losses on fears about surging U.S. crude output and weakening global demand.
* Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.
CPO prices seen increasing to 2,200-2,300 rgt/T by June - McGill
Indonesia's palm oil output seen rising 10 pct in 2019 - GAPKI
Malaysia plans to double palm oil use in biodiesel by 2020 - govt
Cargo surveyor AmSpec releases Malaysia's Jan 1-20 palm oil export data on Jan 21
Cargo surveyor SGS releases Malaysia's Jan 1-20 palm oil export data on Jan 21
Cargo surveyor ITS releases Malaysia's Jan 1-20 palm oil export data on Jan 21.
Industry regulator the Malaysian Palm Oil Board releases Malaysia's December palm oil data on Jan 21. - Reuters