07/08/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.
   
FUNDAMENTALS
* Malaysian palm oil futures slipped to a near-one-year low on Wednesday, stretching losses into a third straight session as a bout of technical selling dragged on prices that were already under pressure from weaker competing edible oils.
* U.S. wheat rose to a one-month high on Wednesday as renewed political conflict in the Black Sea grain export region and worries about European crop quality prompted investors to cover short positions, traders said.
* Oil prices fell on Wednesday as abundant supplies in the United States drove the U.S. contract to its lowest close in six months, while Brent prices floundered near nine-month lows.
   
MARKET NEWS
* European stocks fell on Wednesday as concerns over a Russian troop build-up on the border with Ukraine sent nervous investors into high-rated bonds, while U.S. stocks closed little changed to hold at support levels.
   
RELATED
> Russian grain exporter Yug Rusi aims to sell Ukraine terminal
> Egypt changes food oil import system, payments delayed       
> Indian soymeal exports seen weak until Oct, despite July jump
> Malaysia's July palm stocks seen falling to more than 3-yr low
> Rising interest rates may revive appetite for Islamic commodity deals
        
DATA/EVENTS
> Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance to release August 1-10 palm oil export data on August 11.
> Industry regulator the Malaysian Palm Oil Board (MPOB) to release data on Malaysia's end-July palm oil stocks, exports and production on August 11..
   
  Palm, soy and crude oil prices at 0017 GMT
                                                                      
  Contract        Month    Last   Change     Low    High  Volume
  MY PALM OIL      AUG4       0    +0.00       0       0       0
  MY PALM OIL      SEP4       0    +0.00       0       0       0
  MY PALM OIL      OCT4       0    +0.00       0       0       0
  CHINA PALM OLEIN JAN5    5622   +10.00    5606    5646  173358
  CHINA SOYOIL     JAN5       0    +0.00       0       0       0
  CBOT SOY OIL     DEC4   36.26    +0.06   36.12   36.26     337
  NYMEX CRUDE      SEP4   96.99    +0.07   96.86   97.00    1149
                                                                      
  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
  Crude in U.S. dollars per barrel