13/01/2016 (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 as global crude oil prices tumbled to 12-year lows this week, with declining production data from a government body doing little to boost market sentiment.

* U.S. grain prices rallied on Tuesday after the U.S. Department of Agriculture slashed its estimate of winter wheat seedings by more than anticipated and unexpectedly cut its corn and soybean production view.

* Oil fell briefly below the widely watched $30-per-barrel level on Tuesday, extending a selloff that has sliced almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.

MARKET NEWS

* U.S. and European stock investors bought beaten-down shares on Tuesday, at least temporarily looking past another steep drop in oil prices that briefly sent U.S. crude below $30 a barrel.

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> U.S. Cash Grains-Corn, soy bids flat; farmers sell grains after report

DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's Jan 1-15 palm oil export data on January 15.

> Cargo surveyor SGS releases Malaysia's Jan 1-15 palm oil export data on January 15.

> MPOB releases Malaysia's January 2016 data on February 10.