03/05/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures declined on Friday to a new seven-week low, as palm exports slow due to stronger demand for rival soyoil.

* U.S. soybean futures rallied on Monday, piggybacking on sharp gains in the soymeal market, while corn and wheat futures were steady to weaker.

* Oil prices fell about 3 percent on Monday as production from the Organization of the Petroleum Exporting Countries neared all-time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized rally.

MARKET NEWS

* A weakening U.S. dollar and optimism that commodity prices will steady boosted global stock markets on Monday, pushing down U.S. Treasury prices.

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DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's April 1-30 palm oil export data on May 3.


Palm, soy and crude oil prices at 0035 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 0 +0.00 0 0 0

CHINA SOYOIL SEP6 0 +0.00 0 0 0

CBOT SOY OIL JUL6 32.46 -8.30 32.42 32.56 935

INDIA PALM OIL MAY6 541.30 -8.30 539.50 549 3250

INDIA SOYOIL MAY6 635.5 -12.40 635.2 647.4 50850

NYMEX CRUDE JUN6 44.82 +0.04 44.67 44.93 3615

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