27/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures reversed losses in late trade on Tuesday, in response to a stronger performance by U.S. soybean oil, plus Malaysia's commitment to raise the minimum bio content in biodiesel, which will boost palm oil consumption.

* Chicago Board of Trade wheat futures plunged as much as 3 percent on Tuesday, their largest daily losses in three weeks, on pressure from ample global grain supplies and following declines in Euronext wheat, traders said.

* U.S. crude prices fell on Tuesday, hitting three-month lows, on renewed worries of a glut while Brent settled higher due to its better fundamentals versus U.S. crude.

MARKET NEWS

* Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with caution ahead of the Federal Reserve's policy decision capping gains.

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Palm, soy and crude oil prices at 0028 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 4940 +62.00 4906 4944 207152

CHINA SOYOIL JAN7 6088 +24.00 6072 6102 162572

CBOT SOY OIL DEC6 30.18 -3.30 30.08 30.2 343

INDIA PALM OIL JUL6 519.00 -3.30 513.60 522 1367

INDIA SOYOIL AUG6 630.9 +2.35 626.7 631.4 49850

NYMEX CRUDE SEP6 42.69 -0.23 42.60 42.75 3290

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