21/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures extended gains, touching a two-week high on Wednesday on improving demand amid expectations of further weakness in the ringgit.

* U.S. corn and soybean futures posted sharp declines on Wednesday, with corn hitting its lowest in nearly two years as the latest weather outlook appeared less threatening to crop development, traders said.

* Oil prices rose as much as 1 percent on Wednesday, lifting U.S. crude from two-month lows, after the U.S. government reported a ninth straight week of crude inventory draws, easing some concerns in a market worried about a glut.

MARKET NEWS

* Upbeat company earnings lifted U.S. and European stock prices on Wednesday, with the Dow and S&P 500 setting record highs, while the dollar reached a four-month peak on bets the U.S. Federal Reserve may raise interest rates by year-end.

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Palm, soy and crude oil prices at 2356 GMT

Contract Month Last Change Low High Volume

MY PALM OIL AUG6 0 +0.00 0 0 0

MY PALM OIL SEP6 0 +0.00 0 0 0

MY PALM OIL OCT6 0 +0.00 0 0 0

CHINA PALM OLEIN JAN7 5120 +36.00 5096 5132 307160

CHINA SOYOIL JAN7 6344 +96.00 6294 6352 354596

CBOT SOY OIL DEC6 31.25 +5.70 0 0 0

INDIA PALM OIL JUL6 519.60 +5.70 514.40 521 1496

INDIA SOYOIL AUG6 644.3 +7.65 636 645.9 99830

NYMEX CRUDE SEP6 45.73 -0.02 45.62 45.74 1784

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