29/12/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures hit their highest in over a month on Friday, notching their biggest weekly gain in eight weeks as fears of floods disrupting supplies in the world's second-largest producer outweighed earlier losses.

* U.S. wheat futures on Friday continued to decline from seven-month highs reached last week as Russia made an anticipated announcement to restrict exports, while soybean futures climbed.

* Oil prices fell Friday, tumbling as the dollar strengthened and as a supply glut in top consumer, the United States, trumped worries about falling production from Libya.

MARKET NEWS

* U.S. stocks pushed higher on Friday, with the Dow and S&P 500 both closing at record highs, while oil and natural gas fell on worries of a supply glut and on mild U.S. weather.

RELATED

> Malaysia's monsoon floods seen crippling December palm supply -industry
> Snow to blanket U.S. wheat belt ahead of bitter cold next week
> LIVESTOCK-CME live cattle rally on beef demand, fund buying

DATA/EVENTS

> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release data on Malaysia's December palm oil exports on Dec. 31

Palm, soy and crude oil prices at 0009 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JAN5 0 +0.00 0 0 0

MY PALM OIL FEB5 0 +0.00 0 0 0

MY PALM OIL MAR5 0 +0.00 0 0 0

CHINA PALM OLEIN MAY5 4990 +48.00 4944 4994 300814

CHINA SOYOIL MAY5 5646 +30.00 5592 5658 135800

CBOT SOY OIL MAR5 32.59 +17.00 0.00 0.00 0

INDIA PALM OIL DEC4 442.80 +17.00 434.70 442.80 750

INDIA SOYOIL JAN5 635.30 +24.40 623.50 635.30 69340

NYMEX CRUDE FEB5 55.49 +0.76 54.94 55.74 4575

Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel