12/05/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil climbed 0.7 percent on Wednesday to its highest in almost three weeks with prices rising for four out of six sessions on strong demand and a rally in soybeans.

* U.S. soybean and corn futures declined on Wednesday in a light profit-taking setback, one day after bullish soy stocks data in a monthly U.S. government report sent soybeans soaring to the highest levels since 2014.

* Oil jumped on Wednesday, with Brent up more than 4 percent for a second day in a row, after the U.S. government unexpectedly said crude inventories fell the first time since March, adding to concerns over supply outages in Canada and Nigeria.

MARKET NEWS

* U.S. and European stocks retreated on Wednesday amid disappointing corporate earnings, while oil prices surged for a second day as data showed U.S. crude inventories fell unexpectedly last week.

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DATA/EVENTS

> Cargo surveyor ITS releases Malaysia's May 1-15 palm oil export data on May 16.

> Cargo surveyor SGS releases Malaysia's May 1-15 palm oil export data on May 16.

Palm, soy and crude oil prices at 0031 GMT

Contract Month Last Change Low High Volume

MY PALM OIL MAY6 0 +0.00 0 0 0

MY PALM OIL JUN6 0 +0.00 0 0 0

MY PALM OIL JUL6 0 +0.00 0 0 0

CHINA PALM OLEIN SEP6 5432 -104.0 5390 5522 718146

CHINA SOYOIL SEP6 6306 -30.00 6262 6370 491540

CBOT SOY OIL JUL6 33.55 -1.30 33.35 33.55 1500

INDIA PALM OIL MAY6 557.00 -1.30 556.00 565.5 2160

INDIA SOYOIL MAY6 649.5 -0.40 648 658.4 9000

NYMEX CRUDE JUN6 45.82 -0.41 45.78 46.04 5885

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