28/10/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday October 28.
   
FUNDAMENTALS
* Malaysian palm oil rose 1.8 percent on Tuesday, snapping two sessions of decline as the ringgit MYR= weakened, although concerns over slowing global demand for the tropical product and higher production capped gains.
* U.S. soybean futures rebounded on Tuesday after three sessions of declines on steady export demand and higher soymeal prices, although gains were capped by beneficial rains in dry production areas of Brazil, the world's top supplier.
* Oil prices fell a third straight session to multi-week lows on Tuesday on the persistent global supply glut ahead of data expected to show another increase in U.S. crude inventories.
 
   
MARKET NEWS
* Asian stocks slipped early on Wednesday, taking cues from an overnight decline on Wall Street while a wait-and-see mood prevailed ahead of a policy statement from the U.S. Federal Reserve due later in the day.   
       
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> Who wants my corn? US farmers grapple with another super crop        
  
       
DATA/EVENTS
> Cargo surveyor ITS releases Malaysia's Oct 1-30 palm oil export data on October 30.

  Palm, soy and crude oil prices at 0027 GMT
                                                                   
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      NOV5       0    +0.00       0       0       0
  MY PALM OIL      DEC5       0    +0.00       0       0       0
  MY PALM OIL      JAN6       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN6    4498   -70.00    4458    4560  690206
  CHINA SOYOIL     JAN6    5582   -30.00    5556    5622  336396
  CBOT SOY OIL     DEC5   28.70    -4.10   28.57   28.74     893
  INDIA PALM OIL   OCT5  411.00    -4.10  408.80  414.80     665
  INDIA SOYOIL     NOV5  628.00    -4.65  625.80  632.00   60160
  NYMEX CRUDE      DEC5   44.58    -0.02   44.57   44.78    1844
                                                                   
  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