VEGOILS-Palm edges higher after two days of declines

KUALA LUMPUR, May 10 (Reuters) - Malaysian palm oil futures rose in early trade on Friday and was on track to snap its two-session losing streak. Benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was last up 0.5% at 2,014 ringgit ($484.83) a tonne. FUNDAMENTALS * Malaysian palm oil futures fell more than 1% in late trade on Thursday, charting second session of losses, as worries over U.S.-China trade relations weighed on prices. * U.S. soybean futures on Friday inched away from an over 10-year low touched in the session before, but remained under pressure as the spectre of deepening U.S-China trade tensions loomed over the market. * Oil prices rose more than 1 percent on Friday amid renewed optimism that a trade deal could be struck between Washington and Beijing, calming fears that a protracted tariff war would harm global economic growth. MARKET NEWS * U.S. stock futures turned negative and Asian shares pared gains on Friday as global investors waited nervously to see if Washington would suspend its plan to raise tariffs on Chinese imports at midday. * The safe-haven Japanese yen and Swiss franc dipped on Friday, handing back some of their large gains made earlier, as risk aversion eased in Asia amid the ebb and flow in market sentiment towards U.S.-China trade negotiations. * Wall Street's main indexes fell on Thursday ahead of critical trade negotiations between the United States and China, though they pared losses significantly after U.S. President Donald Trump said reaching a deal this week was possible. For more vegetable oil-related stories, please click DATA/EVENTS (GMT) 0830 UK GDP Est 3M/3M March 0830 UK GDP Estimate MM YY March 0830 UK Manufacturing Output March 0830 UK GDP Prelim QQ YY Q1 1200 Brazil IPCA Inflation Index MM April 1200 India Industrial Output YY March 1230 US CPI MM, SA April Palm, soy and crude oil prices at 0322 GMT Contract Month Last Change Low High Volume MY PALM OIL MAY9 0 +0.00 0 0 0 MY PALM OIL JUN9 1975 +8.00 1958 1977 364 MY PALM OIL JUL9 2014 +9.00 1996 2017 4327 CHINA PALM OLEIN MAY9 4134 -20.00 4134 4134 46 CHINA SOYOIL MAY9 5250 -60.00 5242 5260 120 CBOT SOY OIL JUL9 26.63 +0.00 26.63 26.71 2074 INDIA PALM OIL MAY9 0.00 +0.00 0.00 0 0 INDIA SOYOIL MAY9 0 +0.00 0 0 0 NYMEX CRUDE JUN9 62.04 +0.34 61.59 62.49 70749 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 * For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type. * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in and press enter, or double click between the brackets. * Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils -- Malaysian palm oil exports -- CBOT soyoil futures -- CBOT soybean futures -- Indian solvent -- Weekly Indian vegetable oils -- Dalian Commodity Exchange -- Dalian soyoil futures -- Dalian refined palm oil futures -- Zhengzhou rapeseed oil -- European edible oil prices/trades -- ($1 = 4.1540 ringgit) ($1 = 70.0270 Indian rupees) ($1 = 6.8155 Chinese yuan) (Reporting by Emily Chow; editing by Uttaresh.V)