05/08/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures recouped losses to reach a near 7-week high on Thursday evening, supported by better demand as it charted a fifth consecutive session of gains.

* U.S. wheat and corn futures fell on Thursday on disappointing export sales and prospects for rising global inventories, traders said.

* Oil prices rose nearly 3 percent on Thursday, with U.S. crude advancing firmly above the $40-per-barrel mark on short-covering and after a modest stockpile drop at the delivery hub for U.S. crude futures.

MARKET NEWS

* Global stock markets rose and sterling slid on Thursday after the Bank of England cut interest rates and revived a bond-buying program to cushion the economic blow from Britain's June 23 vote to leave the European Union.

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Palm, soy and crude oil prices at 0040 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 5206 +14.00 5178 5236 432796

CHINA SOYOIL JAN7 6168 -4.00 6146 6204 223846

CBOT SOY OIL DEC6 31.01 -0.80 31.01 31.14 1055

INDIA PALM OIL AUG6 529.00 -0.80 524.00 533 3611

INDIA SOYOIL AUG6 636.6 -1.80 634.8 640.4 23270

NYMEX CRUDE SEP6 41.79 -0.14 41.74 41.85 3201

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