Malaysian palm oil/Vegoils: Market factors to watch Monday March 11

Malaysian palm oil futures fell to their lowest in nearly three years on Friday evening in a fourth session of losses, tracking declines in related edible oils.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday March 11.

FUNDAMENTALS

* Malaysian palm oil futures reversed early gains to close lower on Friday, charting a third straight day of losses on weaker demand outlook.

* Iraq's state grain board bought 100,000 tonnes of U.S. and Canadian wheat in an international purchasing tender, traders said on Sunday.