09/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures made their biggest daily gains in two weeks on Tuesday, reversing losses from the previous session, supported by strength in related edible oils.

* U.S. soybean futures firmed on Tuesday, buoyed by concern about dry weather in parts of the U.S. Midwest and reminders of strong export demand from China, traders said.

* Crude futures fell for a third day in early Asian trading as the market shrugged off a bigger than expected fall in U.S. inventories reported by an industry group as doubts linger over OPEC's ability to restrain supply as promised.

MARKET NEWS

* Asian shares and U.S. stock futures slipped while U.S. Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang's warning that it is "carefully examining" plans for a missile strike on the U.S. Pacific territory of Guam.

RELATED

> Hong Kong closes 13 beaches as stinking, congealed palm oil washes ashore

> China July soybean imports hit highest on record as ports clear logjams

> India rice shipments slow as stronger rupee lifts export prices

> U.S. lawmakers seek missing information in review of Monsanto weedkiller

> OPEC expects laggards to comply more fully with oil cut pact

DATA/EVENTS

> Cargo surveyor ITS releases Malaysia’s July 1-31 palm oil export data on August 10.

> Cargo surveyor SGS releases Malaysia’s July 1-31 palm oil export data on August 10.