10/02/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures hit their highest level in nearly 21 months on Friday and posted their biggest weekly jump in over four months on short-covering ahead of a long weekend and concerns over declining production.

* U.S. wheat futures dropped to their lowest level since 2010 after the U.S. government on Thursday said year-end global supplies would be the biggest in history.

* Oil prices slid for a fourth straight session on Tuesday and teetered close to 12-1/2-year lows hit last month, after weak demand forecasts from the U.S. government and the western world's energy watchdog, while weak equities also pressured prices.

MARKET NEWS

* U.S. stocks recovered from early losses to end slightly lower on Tuesday while European shares plunged for a second straight day on fears of slowing global growth, with particular concern over the health of the banking sector.

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DATA/EVENTS

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

Palm, soy and crude oil prices at 0030 GMT

Contract Month Last Change Low High Volume

MY PALM OIL FEB6 0 +0.00 0 0 0

MY PALM OIL MAR6 0 +0.00 0 0 0

MY PALM OIL APR6 0 +0.00 0 0 0

CHINA PALM OLEIN MAY6 0 +0.00 0 0 0

CHINA SOYOIL MAY6 0 +0.00 0 0 0

CBOT SOY OIL MAR6 30.70 +5.90 0.00 0.00 0

INDIA PALM OIL FEB6 470.50 +5.90 466.50 471.90 1177

INDIA SOYOIL FEB6 614.00 -2.65 612.80 617.20 18410

NYMEX CRUDE MAR6 28.43 +0.49 28.27 28.51 3313

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