* Palm gains for first session in three

* Market up on better performing crude and soy oil - trader

* MPOB data scheduled for release on Sept 13 after 0430 GMT

(Updates latest prices, quote)

09/09/2016 (Reuters) - Malaysian palm oil futures snapped two sessions of losses to gain on Thursday evening, lifted by better performing crude oil and rival oilseed soy. Palm made its sharpest daily jump in two weeks on Sept. 2, and then hit a near three-week high of 2,662 ringgit a tonne on Tuesday.

It later declined on estimates of rising production before a data release next Tuesday by the Malaysian Palm Oil Board (MPOB). A Reuters poll had forecast 9.7 percent growth in output for August, and for end-stocks to decline to 1.60 million tonnes.

Benchmark palm oil futures for November on the Bursa Malaysia Derivatives Exchange rose 0.5 percent to 2,610 ringgit ($646) per tonne at the end of the trading day. Traded volumes reached 37,335 lots of 25 tonnes each, below the 2015 average of 44,600.

"Soybean oil started moving higher, and crude oil looks firm," said a futures trader from Kuala Lumpur.

"Sideways trading is expected until next Tuesday when MPOB data is released."

Palm oil is influenced by prices of soyoil and related products, as they compete for a share in the global vegetable oils market.

In related vegetable oils, the Chicago Board of Trade soybean oil December contract gained 0.8 percent, and the January soybean oil contract on the Dalian Commodity Exchange edged up 0.1 percent.

Palm oil prices also respond to the performance of crude oil, which rose over 1 percent on Thursday after U.S. data showed a large drawdown in stocks.

Palm oil is used for blending into biodiesel, a substitute for crude oil.

Palm, soy and crude oil prices at 1055 GMT

Contract Month Last Change Low High Volume

MY PALM OIL SEP6 2880 +3.00 2860 2880 114

MY PALM OIL OCT6 2696 +3.00 2681 2710 2408

MY PALM OIL NOV6 2610 +11.00 2588 2623 15969

CHINA PALM OLEIN JAN7 5532 -18.00 5506 5592 1133338

CHINA SOYOIL JAN7 6296 +6.00 6246 6308 462020

CBOT SOY OIL DEC6 33.4 -0.01 33.11 33.48 5288

INDIA PALM OIL SEP6 571.20 +3.40 565.20 571.3 1533

INDIA SOYOIL SEP6 648.7 +4.00 642 648.9 18800

NYMEX CRUDE OCT6 46.25 +0.75 46.05 46.49 81567

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

($1 = 4.0400 ringgit)
($1 = 66.4150 Indian rupees)
($1 = 6.6600 Chinese yuan)