28/04/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and othervegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures declined to their lowest levels in nearly two weeks on Wednesday evening, as the ringgit MYR= recovered from a one-week low against the dollar and as traders cashed in on slow exports and improving output.

* U.S. corn and wheat futures fell on Wednesday, setting back from two days of gains on profit taking as speculators locked in gains on recent short-covering rallies, traders said.

* Oil prices jumped about 3 percent on Wednesday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave U.S. interest rates unchanged.

MARKET NEWS

* The dollar and U.S. stock futures edged up in the wake of the U.S. Federal Reserve's statement that offered few clues on its monetary policy outlook, but moves were slight as investors awaited the Bank of Japan's policy decision.

RELATED

> A 3rd of Argentine soy farms waterlogged; 5 mln tonnes feared lost

> European vegoils ease with futures in thin trade

> GRAINS-U.S. corn, soy, wheat drop after two days of gains

> Indonesia palm oil tax increase may reduce exports, revenues

> Malaysia proposes to amend environment act to curb haze from forest fires

DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's April 1-30 palm oil export data on April 30.

> Cargo surveyor SGS releases Malaysia's April 1-30 palm oil export data on April 30.

Palm, soy and crude oil prices at 0034 GMT

Contract Month Last Change Low High Volume

MY PALM OIL MAY6 0 +0.00 0 0 0

MY PALM OIL JUN6 0 +0.00 0 0 0

MY PALM OIL JUL6 0 +0.00 0 0 0

CHINA PALM OLEIN SEP6 5492 -158.00 5456 5592 621100

CHINA SOYOIL SEP6 6232 -82.00 6194 6290 398482

CBOT SOY OIL JUL6 33.79 -3.00 33.69 33.86 605

INDIA PALM OIL APR6 563.30 -3.00 563.30 567.6 1670

INDIA SOYOIL MAY6 656.2 -8.25 653.2 665.5 66280

NYMEX CRUDE JUN6 45.21 -0.12 45.14 45.31 4891

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