30/06/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures fell to a seven-month low on Wednesday, dragged down by poor fundamentals and a stronger ringgit.

* U.S. wheat futures fell on Wednesday, extending their decline under pressure from the ongoing harvest of a bountiful crop in the Plains and the Midwest which threatens to add to a glut of supplies that is largely being shunned by overseas buyers.

* Oil prices surged 4 percent on Wednesday, with Brent settling above the psychological $50 a barrel mark, after a larger-than-expected drawdown in U.S. crude inventories.

MARKET NEWS

* Asia stocks rose on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen retreated as global markets regained a semblance of calm after last week's Brexit shock.

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Palm, soy and crude oil prices at 0029 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 5136 -52.00 5118 5168 316904

CHINA SOYOIL SEP6 6064 -26.00 6042 6100 181240

CBOT SOY OIL DEC6 31.41 -2.90 31.4 31.54 812

INDIA PALM OIL JUN6 505.70 -2.90 505.60 508 219

INDIA SOYOIL JUL6 639 -5.00 637.1 642.2 40360

NYMEX CRUDE AUG6 49.52 -0.36 49.27 49.62 6322

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