29/07/2015 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures fell on Tuesday for a fifth straight session to their lowest in three months, reflecting weakness in competing markets and declines in commodities globally, although a weak ringgit provided some support.

* Chicago soybean, wheat and corn futures bounced on Tuesday, rising on bargain-buying and short-covering after setting recent lows.

* Oil prices steadied on Tuesday, with Brent recovering from near six-month lows and U.S. crude settling more than 1 percent higher as bets for a drop in U.S. stockpiles offset concern over a global oil supply glut and China's stock market meltdown.

MARKET NEWS

* U.S. and European stock markets climbed 1 percent or more on Tuesday, reversing five days of declines, as investors looked past China's equities sell-off and took buying cues from earnings and mergers news.

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DATA/EVENTS

> nil.

Palm, soy and crude oil prices at 0000 GMT

Contract Month Last Change Low High Volume

MY PALM OIL AUG5 0 +0.00 0 0 0

MY PALM OIL SEP5 0 +0.00 0 0 0

MY PALM OIL OCT5 0 +0.00 0 0 0

CHINA PALM OLEIN JAN6 4790 +54.00 4752 4790 229196

CHINA SOYOIL JAN6 5504 +44.00 5470 5520 243524

CBOT SOY OIL DEC5 31.04 +1.30 31.03 31.12 166

INDIA PALM OIL JUL5 425.40 +1.30 422.20 425.60 834

INDIA SOYOIL AUG5 569.20 +4.00 565.50 569.70 37785

NYMEX CRUDE SEP5 47.73 -0.25 47.66 47.81 1306

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