KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Dec 23.
FUNDAMENTALS
* Malaysia palm oil futures ended Thursday's trade lower, shedding more than 1 percent as sentiment tracked the softer performance of rival oils in Dalian and on the Chicago Board of Trade.
* U.S. soybean futures fell to a new one-month low below $10 a bushel on Thursday as forecasts for rain in Argentina dampened concerns about dryness hurting production there.
* Oil prices rose in subdued trading on Thursday, supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output.
MARKET NEWS
* Stock markets around the globe dipped and U.S. equities posted their first back-to-back daily declines of the month on Thursday as the rally that has sent Wall Street shares to record highs since Donald Trump's U.S. election victory paused ahead of the Christmas holiday weekend.
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DATA/EVENTS
Cargo surveyor ITS releases Malaysia's Dec 1-25 palm oil export data on Dec 26.
Cargo surveyor SGS releases Malaysia's Dec 1-25 palm oil export data on Dec 26.
- Reuters