Malaysian palm oil futures rose on Monday tracking stronger rival edible oils at Dalian market and crude, also a slightly weaker ringgit.
The benchmark palm oil contract 
FCPO1! for September delivery on the Bursa Malaysia Derivatives Exchange gained 28 ringgit, or 0.67%, to 4,202 ringgit ($988.47) a metric ton by 0353 GMT.
FUNDAMENTALS
* Dalian’s most-active soyoil contract (DBYcv1) increased 0.05%, while its palm oil contract CPO1! gained 0.35%. Soyoil prices on the Chicago Board of Trade 
ZL1! slipped 0.35%.
* Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market.
* Oil prices nudged higher on Monday, adding to gains of more than 2% from Friday, as investors eyed further U.S. sanctions on Russia that may affect global supplies, but a ramp-up in Saudi output and ongoing tariff uncertainty limited gains.
* Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
* Malaysia’s palm oil stocks rose 2.41% to an 18-month high of 2.03 million tons at the end of June, industry regulator data showed.
* Exports of Malaysian palm oil products during July 1-10 were estimated to have risen between 5.3% and 12% from a month earlier, according to data from cargo surveyor Intertek Testing Services and inspection company AmSpec Agri Malaysia.
* The ringgit 
USDMYR, palm’s currency of trade, slightly weakened 0.02% against the dollar, making the commodity cheaper for buyers holding foreign currencies.
* Palm oil FCPO1! may test support at 4,134 ringgit per metric ton, a break could trigger a drop towards 4,034 ringgit to 4,058 ringgit range, Reuters technical analyst Wang Tao said.
Thomson Reuterstech
MARKET NEWS
Wall Street and European share futures pulled Asian indices lower on Monday as the latest salvo of threats in the U.S. tariff wars kept investors on edge, though there were still hopes it was mainly bluster by President Donald Trump.
DATA/EVENTS (GMT)
0430 Japan Tertiary Ind Act NSA May
(No time provided) China Imports, Exports YY June
(No time provided) China Trade Balance USD June
($1 = 4.2510 ringgit)