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

FUNDAMENTALS

* Malaysian palm oil futures rose on Wednesday, marking their sharpest jump in nearly five months, as traders covered short positions after four sessions of losses and as the ringgit MYR= sunk to its weakest in five weeks.

* U.S. wheat and soybeans firmed on Wednesday, reversing overnight losses, on technical buying and a mild round of short-covering, traders said.

* A bigger-than-expected build in U.S. crude inventories to fresh record highs pushed oil markets lower on Wednesday after an early rally over concerns about production cuts in Canada's oil sands region due to a wildfire.

MARKET NEWS

* Global equity markets fell for a second straight day on Wednesday on mostly weak economic data while metals prices slipped on renewed concerns of a downturn in global growth.

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> Epic wildfire threatens to engulf Canadian city as 88,000 flee

DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's May 1-10 palm oil export data on May 10.

> Cargo surveyor SGS releases Malaysia's May 1-10 palm oil export data on May 10.


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 5476 +76.00 5472 5510 380092

CHINA SOYOIL SEP6 6178 +30.00 6176 6214 227744

CBOT SOY OIL JUL6 32.61 +15.80 32.54 32.65 923

INDIA PALM OIL MAY6 551.50 +15.80 539.00 557.1 4385

INDIA SOYOIL MAY6 645.8 +11.50 636.8 649.5 36760

NYMEX CRUDE JUN6 44.48 +0.70 44.01 44.59 16076

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