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Wednesday, 14 March 2018 | MYT 8:55 AM

Malaysian palm oil/Vegoils: Market factors to watch Wednesday Mar 14

KUALA LUMPUR The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday March 14.

FUNDAMENTALS
* Malaysian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said.  

* U.S. corn futures climbed to a seven-month high on Tuesday, buoyed by robust export demand amid drought conditions in No. 3 global shipper Argentina, traders said.    

* Oil fell more than 1 percent on concerns over rising U.S. production and as equities fell, erasing earlier gains driven in part by the firing of U.S. Secretary of State Rex Tillerson.


MARKET NEWS

* Asian shares eased on Wednesday amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as a moderate in his administration, and eyes hefty
tariffs on Chinese imports.

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 Argentina to provide debt relief to drought-hit farmers

 NOPA February soybean crush seen at 149.443 mln bushels -survey

 U.S. lawmakers find fix on grain cooperative tax break

DATA/EVENTS

 Cargo surveyor ITS releases Malaysia's Mar 1-15 palm oil export data on Mar 15.

 Cargo surveyor SGS releases Malaysia's Mar 1-15 palm oil export data on Mar 15. - Reuters