05/09/2017 (The Times of India) - (Repeats to widen distribution, fix table formatting) * Palm futures up 1.3 pct * CBOT soybean oil on track to snap 3 sessions of gains * Dalian soybean oil heads for first fall in 3 sessions By Fergus Jensen JAKARTA, Sept 5 (Reuters) - Malaysian palm oil futures were headed for their first session of rise in five on Tuesday, tracking gains in rival edible oils on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange. By the midday break, the benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange had gained 1.33 percent to 2,472 ringgit ($579.53) a tonne, posting its biggest intraday percentage gain since Aug 24. Traded volumes stood at 17,012 lots of 25 tonnes. Palm had shed 2.6 percent in the last four sessions, after hitting a five-month high on Aug. 24. The Malaysian bourse was closed on Thursday and Friday for public holidays. "This is all in line with external markets," said a futures trader based in Kuala Lumpur, referring to gains in soyoil on the Dalian and the CBOT. Soybean oil on the Chicago Board of Trade was down 0.5 percent, on track to snap three sessions of gains. The most active soybean oil contract on the Dalian Commodity Exchange was down 0.22 percent, on track to snap two sessions of gains. The September palm olein contract was 0.9 percent lower. Palm prices are impacted by the movements of related edible oils as they compete for a share in the global vegetable oils market. U.S. oil prices edged up on Tuesday as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude, their main feedstock. Chicago soybeans rose for a third consecutive session with prices climbing to their highest in almost a month as expectations of strong demand underpinned the market. Palm, soy and crude oil prices at 0622 GMT Contract Month Last Change Low High Volume MY PALM OIL SEP7 2718 +38.00 2671 2720 59 MY PALM OIL OCT7 2728 +33.00 2719 2733 777 MY PALM OIL NOV7 2742 +36.00 2731 2745 10673 CHINA PALM OLEIN JAN8 5542 +8.00 5478 5550 457476 CHINA SOYOIL JAN8 6388 +18.00 6332 6402 317696 CBOT SOY OIL DEC7 35.63 -2.10 35.39 35.89 7936 INDIA PALM OIL SEP7 525.00 -2.10 524.60 526.90 454 INDIA SOYOIL SEP7 661.00 -0.60 659.60 661.45 4120 NYMEX CRUDE OCT7 47.54 +0.25 47.15 47.65 242959 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 ($1 = 4.2655 ringgit) ($1 = 64.12 Indian rupees) ($1 = 6.53 Chinese yuan) (Writing by Fergus Jensen; Editing by Subhranshu Sahu)