Malaysian palm oil/Vegoils: Market factors to watch Monday Jan 28

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.6% at 1,955 ringgit ($472.79) per tonne by the close of trade. It earlier fell as much as 1.5% to 1,938 ringgit, matching Tuesday's intraday low that was the weakest level since August 2015.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets .on Monday Jan 28.

FUNDAMENTALS

* Malaysian palm oil futures on Friday rose to its highest in nearly seven months before giving up gains as a stronger ringgit MYR= weighed on the market.

* U.S. soybean futures climbed to a two-week high on Friday on worries about the size of Brazil's crop and short-covering ahead of planned U.S.-China trade talks next week, traders said.