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VEGOILS-Palm falls on weaker overnight U.S. soyoil, crude oil prices

Emily Chow

* Palm contract for April delivery down 0.4 percent

* Palm oil may fall into 2,103-2,121 rgt/T - techs

(Updates with closing prices) KUALA LUMPUR, Jan 16 (Reuters) - Malaysian palm oil futures edged down on Wednesday, though remained range-bound, tracking weakness in soyoil overnight on the U.S. Chicago Board of Trade (CBOT) and crude oil prices. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,175 ringgit ($529.45) a tonne at the close of trade. Trading volumes stood at 31,538 lots of 25 tonnes each at the end of the trading day. <1FCPO-TOT> "Palm is down tracking overnight losses in the CBOT and lower crude oil," said a Kuala Lumpur-based trader. U.S. soybean futures fell for the third time in four sessions on Tuesday on worries the United States and China remain far apart in resolving a bitter trade dispute that has slashed U.S. soy imports by the world's top buyer. The Chicago March soybean oil contract was last up 0.3 percent. Palm oil prices are impacted by price movements of soyoil, as they compete for a share in the global vegetable oil market. The edible oil is also affected by crude oil prices, as it is used as feedstock to make biodiesel. U.S. oil prices inched lower on Wednesday after gains of more 3 percent in the previous session, pressured by concerns over the outlook for the global economy. In other related oils, the May soybean oil contract on the Dalian Commodity Exchange fell 0.1 percent, while the Dalian January palm oil contract declined 0.5 percent. Palm oil may fall into a range of 2,103-2,121 ringgit per tonne, according to Wang Tao, a Reuters market analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 1051 GMT:

Contract Month Last Change Low High VolumeMY PALM OIL FEB9 2092 -7.00 2085 2096 392MY PALM OIL MAR9 2137 -10.00 2132 2147 6286MY PALM OIL APR9 2174 -9.00 2172 2185 12139CHINA PALM OLEIN JAN9 4200 -22.00 3992 4200 556CHINA SOYOIL JAN9 5170 +12.00 5168 5170 120CBOT SOY OIL JAN9 28.33 +0.09 28.27 28.36 3784INDIA PALM OIL JAN9 543.10 -0.90 541.90 545.2 297INDIA SOYOIL JAN9 762 -4.00 762 765.5 2650NYMEX CRUDE FEB9 51.88 -0.23 51.71 52.52 132825

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 = 4.1080 ringgit) ($1 = 71.1730 Indian rupees) ($1 = 6.7589 Chinese yuan)

(Reporting by Emily Chow; Editing by Rashmi Aich and Mark Potter)