The following factors are in all likelihood to impact Malaysian palm oil futures and different vegetable oil markets on Tuesday Feb 19.
FUNDAMENTALS
* Malaysian palm oil futures edged greater during Monday trade, charting a 2nd session of gains in three days, bolstered by means of strength in associated fit for human consumption oils and expected weaker output.
* U.S. wheat futures fell to multimonth lows on Friday, no matter vast energy in commodity and equity markets as grain merchants monitored bearish technical alerts as properly as falling fees in the global cash wheat market.
* U.S. oil costs hit a three-month high on Tuesday, buoyed through production cuts led via the Organization of the Petroleum Exporting Countries.
MARKET NEWS
Australian wheat manufacturing falls to 11-year low as drought bites
U.S. tariffs on EU vehicles ought to imply EU buying much less U.S. soya beans and gas - Juncker
Brazil's JBS faucets Argentine corn over highly-priced home crop
Chinese frozen food firm recollects merchandise suspected of African swine fever contamination
UK's Gove: Govt will use tariffs, quotas to protect farmers after Brexit
DATA/EVENTS
Cargo surveyor AmSpec releases Malaysia's Feb 1-20 palm oil export data on Feb 20.
Cargo surveyor SGS releases Malaysia's Feb 1-20 palm oil export data on Feb 20.
Cargo surveyor ITS releases Malaysia's Feb 1-20 palm oil export records on Feb 20. - Reuters
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