VEGOILS-Palm hits one-week high on stronger related oils

KUALA LUMPUR, Sept 11 (Reuters) - Malaysian palm oil futures rose to a one-week high in early trade on Wednesday, supported by gains in U.S. soyoil on the Chicago Board of Trade (CBOT). The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last up 0.3% at 2,228 ringgit per tonne at 0300 GMT. Meanwhile, U.S. soyoil futures on the CBOT rose 0.3% on Tuesday, and was also last up 0.3% on Wednesday. FUNDAMENTALS * Palm oil inventories in Malaysia extended falls to a 13-month low at the end of August as strong export gains outpaced production increases, official data showed on Tuesday. * U.S. corn futures rose on Wednesday after the U.S. Department of Agriculture (USDA) said the North American crop's condition unexpectedly declined 58% over the past week, pushing prices to an over one-week high. * Oil prices rose on Wednesday after an industry report showed that crude stockpiles in the U.S. fell last week by more than twice the amount that analysts had forecast. MARKET NEWS * Asian stock markets held firm and bond yields rose on Wednesday as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit prompted investors to take profit in risk-off trade ahead of key central bank policy meetings. * The S&P 500 ended little changed on Tuesday, with a rally in energy and industrial shares countering a drop in the technology and real estate sectors as investors favored value over growth. * Fragile investor confidence supported the dollar and weakened the yen on Wednesday but currency markets kept to tight ranges ahead of series of major central bank meetings over the next week. DATA/EVENTS 1200 Brazil Retail Sales YY July 1230 US PPI Final Demand YY, MM Aug 1230 US PPI exFood/Energy YY, MM Aug 1400 US Wholesale Invt(Y) R MM July Palm, soy and crude oil prices at 0251 GMT Contract Month Last Change Low High Volume MY PALM OIL SEP9 0 +0.00 0 0 0 MY PALM OIL OCT9 2198 +13.00 2192 2198 64 MY PALM OIL NOV9 2233 +11.00 2225 2236 2394 CHINA PALM OLEIN JAN0 4862 +24.00 4812 4886 467660 CHINA SOYOIL SEP9 0 +0.00 0 0 0 CBOT SOY OIL OCT9 28.44 +0.09 28.35 28.5 458 INDIA PALM OIL SEP9 0.00 +0.00 0.00 0 0 INDIA SOYOIL SEP9 743.3 -5.10 743 748.7 9720 NYMEX CRUDE OCT9 57.79 +0.39 57.65 57.98 19547 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 (Reporting by Emily Chow; Editing by Rashmi Aich)