VEGOILS-Palm hits over 3-year low on weaker crude prices

* Futures contract hits lowest since August 2015

* Mood dampened on high stocks, lower exports, overnight

fall in

crude oil - traders

* Palm may fall to 1,933 rgt per tonne - technicals

By Liz Lee

KUALA LUMPUR, Nov 21 (Reuters) - Malaysian palm oil futures

touched their lowest in more than three years on Wednesday,

shedding gains from the previous session, as a plunge in crude

oil prices dented sentiment.

Palm oil prices are influenced by movements in crude oil, as

the edible oil is used as feedstock to make biodiesel.

The benchmark palm oil contract for February delivery

on the Bursa Malaysia Derivatives Exchange was down

1.3 percent at 1,960 ringgit ($467.00) per tonne in the

first-half session of trading.

The futures contract hits its lowest since August 2015. In

the previous session, palm climbed 0.7 percent after being

oversold the week before.

Trading volumes stood at 27,348 lots of 25 tonnes each at

the midday break. (1FCPO-TOT)

The market was still depressed, technically and

fundamentally, due to high stocks and slowing exports, a Kuala

Lumpur-based trader said.

"But a retracement upwards cannot be ruled out in the

current oversold condition," the trader said.

The overnight plunge in crude oil prices also weighed on

sentiment, another trader said.

Inventories in top producers - Indonesia and Malaysia - were

expected to rise for the next two months, with demand unlikely

to jump from key buyers as palm oil solidifies in winter months.

Malaysia's palm oil exports fell 10.9 pct in the November

1-20 period according to independent inspection company AmSpec

Agri Malaysia on Tuesday, while cargo surveyor Intertek Testing

Services reported a drop of 3.2 percent in the same period.

Palm may fall to 1,933 ringgit per tonne, as it has broken a

support at 1,972 ringgit, Wang Tao, Reuters market analyst for

commodities and energy technicals said.

In other related edible oils, the Chicago December soybean

oil contract climbed as much as 0.33 percent.

On the Dalian Commodity Exchange, the January soybean oil

contract rose up to 0.9 percent, but the January palm

oil contract slipped as much as 0.8 percent.

Palm, soy, and crude oil prices as of 0502 GMT

Contract Month Last Change Low High Volume

MY PALM OIL DEC8 1807 +7.00 1780 1807 598

MY PALM OIL JAN9 1891 -22.00 1875 1905 5818

MY PALM OIL FEB9 1960 -26.00 1949 1978 10596

CHINA PALM JAN9 4182 -32.00 4126 4220 330166

OLEIN

CHINA SOYOIL JAN9 5444 +48.00 5342 5454 261278

CBOT SOY OIL DEC8 27.43 +0.09 27.32 27.46 1355

INDIA PALM OIL NOV8 498.00 -0.20 497.00 498.5 27

INDIA SOYOIL DEC8 722.95 +0.85 720.15 723.6 710

NYMEX CRUDE JAN9 54.32 +0.89 53.39 54.35 45613

* 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 = 4.1970 ringgit)

($1 = 71.42 Indian rupees)

($1 = 6.94 Chinese yuan)

(Reporting by Liz Lee, Editing by Sherry Jacob-Phillips)