18/05/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian benchmark palm oil futures rose on Tuesday, overcoming a stronger ringgit, as demand for the tropical oil ahead of the Muslim festival of Ramadan pushed up prices.
* U.S. grain and soy futures jumped on Tuesday as investors sunk money into commodities, extending a run-up in prices linked to poor weather that has hurt harvests in South America.
* Oil prices rose for a second straight day on Tuesday, with U.S. futures hitting seven-month highs, on expectations of a drawdown in U.S. crude stockpiles and a new wildfire threat on Canadian oil supplies.

MARKET NEWS

* Asian shares stepped back on Wednesday after strong U.S. inflation data and comments from Federal Reserve officials rekindled the prospects of the central bank raising rates later this year.

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DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's May 1-20 palm oil export data on May 20.
> Cargo surveyor SGS releases Malaysia's May 1-20 palm oil export data on May 20.

Palm, soy and crude oil prices at 0036 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUN6 0 +0.00 0 0 0
MY PALM OIL JUL6 0 +0.00 0 0 0
MY PALM OIL AUG6 0 +0.00 0 0 0
CHINA PALM OLEIN SEP6 5294 +48.00 5250 5314 347918
CHINA SOYOIL SEP6 6114 +80.00 6052 6128 283208
CBOT SOY OIL JUL6 32.78 +0.60 32.74 32.8 277
INDIA PALM OIL MAY6 547.20 +0.60 543.60 548.7 1525
INDIA SOYOIL MAY6 637.3 -0.45 636 639.8 680
NYMEX CRUDE JUN6 48.36 +0.05 48.34 48.58 5869

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