21/05/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures on Tuesday dipped to their lowest in a month, tracking weaker performing soyoil on the Chicago Board of Trade. POI/

* U.S. soybean futures fell to their lowest level in nearly 14 months on Tuesday on better-than-expected weather conditions over a long holiday weekend and worries about export demand for new-crop supplies, analysts said. GRA/

* Oil prices fell about 1 percent on Tuesday, on signs of resurgent crude output in Libya and concerns that extended production cuts by leading exporting countries may not be enough to drain a global glut that has depressed prices for almost three years. O/R

MARKET NEWS

* Asian stocks were steady in a cautious start on Wednesday after a weak session on Wall Street, while the sterling stumbled as a new poll found British Prime Minister Theresa May's Conservative Party risks falling short of an overall majority in next month's national election. MKTS/GLOB

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