26/01/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Jan 26.
   
FUNDAMENTALS
* Malaysian palm oil futures rebounded on Friday from a near one-week low in the previous session, supported by expectations of lower output and as traders covered their short positions ahead of a long holiday weekend. Markets were closed on Monday.
* U.S. wheat futures climbed to a one-week high on Monday on short-covering and concerns about the possibility that Russia might limit exports, traders said.
* U.S. crude futures dropped back below $30 a barrel in Asian trading on Tuesday, extending a near 6 percent fall made in the previous session, amid news that Iraq's output reached a record high last month.
   
MARKET NEWS
* A renewed slump in oil prices due to a persistent global supply glut hurt U.S. and European stock markets on Monday and weighed on the dollar following a rebound in those sectors late last week.   
       
RELATED
> Malaysia's Jan 1-25 palm oil exports down 8.5 pct m/m - ITS
> India's edible oil imports may rise up to 11 pct-trade body head
> Iraq tenders to buy a minimum 10,000 tonnes sunflower oil
> China to let market decide its corn prices-senior official
> Destination Asia: Argentina, Australia set for face-off in farm exports
   
DATA/EVENTS
> Cargo surveyor SGS releases Malaysia's Jan 1-25 palm oil export data on January 26.
> MPOB releases Malaysia's January 2016 data on February 10.
   
    
  Palm, soy and crude oil prices at 0037 GMT
                                                                            
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      FEB6       0    +0.00       0       0       0
  MY PALM OIL      MAR6       0    +0.00       0       0       0
  MY PALM OIL      APR6       0    +0.00       0       0       0
  CHINA PALM OLEIN MAY6    4678   +22.00    4638    4684  418566
  CHINA SOYOIL     MAY6    5596    -8.00    5568    5600  210208
  CBOT SOY OIL     MAR6   30.44    -0.60    0.00    0.00       0
  INDIA PALM OIL   JAN6  428.90    -0.60  428.00  430.80     446
  INDIA SOYOIL     FEB6  608.65    -4.00  608.60  613.80   39590
  NYMEX CRUDE      MAR6   29.81    -0.53   29.61   29.99    4684
                                                                            
  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