Malaysian Palm Oil/Vegoils: Market Factors To Watch Tuesday Jan 23

Malaysian Palm Oil/Vegoils: Market Factors To Watch Tuesday Jan 23 - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Jan 23.

FUNDAMENTALS

* Malaysian palm oil futures ended a four-session decline with a more than 1 percent gain on Monday evening, rising on the back of bullish sentiment at an industry conference held in Karachi this week.

* U.S. soybean futures 0#S: climbed to a five-week high on Monday, in buying fueled by steep gains in soymeal 0#SM: as dry weather in Argentina threatened to cut yields, traders said.

* Oil settled higher on Monday after dollar fluctuations and the restart of some Libyan oil fields caused the market to vacillate, with prices testing lower before rallying to levels just below three-year highs.

MARKET NEWS

Malaysia trade ministry to approach WTO on EU move to limit palm oil use

Average crude palm prices seen at $620/T Indonesia FOB in Q2 - analyst Mielke

Argentine soy, corn yields seen affected by persistent dryness

ADM approach to Bunge marks potential U-turn on oilseed strategy

Valero leaves U.S. ethanol trade group due to cost cutting

U.S. soy cargo to China traded using blockchain

DATA/EVENTS

Cargo surveyor ITS releases Malaysia's Jan 1-25 palm oil export data on Jan 25.

Cargo surveyor SGS releases Malaysia's Jan 1-25 palm oil export data on Jan 25.