15/06/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures extended losses into an eighth straight session on Wednesday and hit a four-and-a-half month low, pressured by declining rival oils and the announcement of an increase in crude palm oil export tax.

* U.S. corn and soybean futures eased on Wednesday after better-than-expected rains fell in the Midwest crop belt, prompting investors to take profits after recent highs, analysts said.

* Oil prices fell for a fifth straight day on Wednesday, their longest losing stretch since February, on worries Britain might leave the European Union while the U.S. Federal Reserve signaled plans for two U.S. rate hikes this year despite slower growth expectations.

MARKET NEWS

* The U.S. dollar fell along with bond yields on Wednesday after the Federal Reserve left U.S. interest rates unchanged and hinted at a less aggressive outlook for rates.

RELATED

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> Russian wheat export prices up on quality concerns

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> At $50/barrel, oil risks "reverse Goldilocks" syndrome

> U.S. soy processors notch busiest May ever - NOPA

DATA/EVENTS

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

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

Palm, soy and crude oil prices at 0019 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUL6 0 +0.00 0 0 0

MY PALM OIL AUG6 0 +0.00 0 0 0

MY PALM OIL SEP6 0 +0.00 0 0 0

CHINA PALM OLEIN SEP6 5100 -34.00 5086 5128 256976

CHINA SOYOIL SEP6 5976 -80.00 5976 6032 195618

CBOT SOY OIL JUL6 31.95 -3.50 31.92 32.09 692

INDIA PALM OIL JUN6 515.10 -3.50 514.20 517.9 2106

INDIA SOYOIL JUN6 631.5 -2.85 631.5 634.3 7990

NYMEX CRUDE JUL6 47.41 -0.60 47.35 47.68 7963

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