KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 28.
FUNDAMENTALS
* Malaysian palm oil futures rose to a more than six-week high on Tuesday before paring gains, but still ended higher for a third straight session supported by strength in rival edible oils.
* U.S. wheat prices 0#W: rose to roughly seven-month highs on Tuesday as low crop ratings and limited chances of rain in drought-hit parts of the Plains growing region kept attention on the risk of yield losses.