Malaysian palm oil/Vegoils: Market factors to watch Tuesday March 12

Malaysian palm oil futures recouped earlier losses to rise 1 percent on Friday, tracking strength in crude oil prices.

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

FUNDAMENTALS

* Malaysian palm oil futures edged lower on Monday after government data showed a higher than expected build up in stocks of the edible oil.

* U.S. wheat futures sank 2.7 percent to their lowest since January 2018 on Monday, pressured by plentiful stocks that were providing overseas buyers with multiple options for supplies when looking for export deals.