28/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures notched up a second day of gains, tracking rival soyoil, while a weaker ringgit MYR= also helped to prop up prices.

* U.S. soybean futures gained for the second straight session on Wednesday on short-covering and worries about dry weather conditions in the key crop development month of August, traders and analysts said.

* Oil prices tumbled 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged on weak demand during the peak summer driving season.

MARKET NEWS

* Asian stocks edged up early on Thursday after the Federal Reserve provided an positive assessment of the world's largest economy and lifted risk sentiment.

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Palm, soy and crude oil prices at 0037 GMT

Contract Month Last Change Low High Volume

MY PALM OIL AUG6 0 +0.00 0 0 0

MY PALM OIL SEP6 0 +0.00 0 0 0

MY PALM OIL OCT6 0 +0.00 0 0 0

CHINA PALM OLEIN JAN7 4926 -14.00 4910 4966 209956

CHINA SOYOIL JAN7 6078 -18.00 6054 6118 237336

CBOT SOY OIL DEC6 30.11 +3.70 29.99 30.18 1226

INDIA PALM OIL JUL6 522.30 +3.70 519.80 523.4 216

INDIA SOYOIL AUG6 627.7 -2.80 626.5 632.5 37810

NYMEX CRUDE SEP6 42.11 +0.19 41.90 42.13 7878

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