JAKARTA, Nov 15 (Reuters) -Malaysian palm oil futures fell on Friday for a fourth straight session and were poised for their first weekly decline in four, weighed down by softer Dalian soyoil and crude oil.

The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange lost 24 ringgit, or 0.48%, to 4,940 ringgit ($1,102.92) a metric ton by 0232 GMT.

The contract has fallen 2.7% so far in the week.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 fell 0.65%, while its palm oil contract DCPcv1 rose 0.89%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.09%.

* Palm oil tracks price movements of rival edible oils, as it competes for a share in the global vegetable oils market.

* Chicago soybean and corn futures fell for a fourth straight session, as traders worried that biofuel policy changes under the incoming U.S. presidential administration of Republican Donald Trump would chill domestic demand.GRA/

* The European Parliament sought on Thursday to water down a ban on the import of commodities such as beef and soy linked to deforestation, and backed a one-year delay to the new rule, in a fresh push-back against the EU's environmental agenda.

* Oil prices edged down as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks.O/R

* Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

* Palm oil may revisit its Nov. 14 low of 4,826 ringgit per ton, as its correction from 5,205 ringgit looks incomplete, Reuters technical analyst Wang Tao said. TECH/C

DATA/EVENTS (GMT)

0430 Japan Tertiary Ind Act NSA Sept

0700 UK GDP Est 3M/3M Sept

0700 UK GDP Estimate MM Sept

0700 UK GDP Estimate YY Sept

0700 UK Services MM Sept

0700 UK Services YY Sept

0700 UK Manufacturing Output MM Sept

0700 UK GDP Prelim QQ Q3

0700 UK GDP Prelim YY Q3

0745 France CPI (EU Norm) Final MM Oct

0745 France CPI (EU Norm) Final YY Oct

0745 France CPI YY NSA Oct

0745 France CPI MM NSA Oct

1100 EU Reserve Assets Total Oct

1330 US Import Prices YY Oct

1330 US Retail Sales MM Oct

1415 US Industrial Production MM Oct

($1 = 4.4790 ringgit)

Reporting by Bernadette Christina; Editing by Subhranshu Sahu

For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type OILS/MY01.
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 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 OILS/ASIA1
Malaysian palm oil exports SGSPALM1
CBOT soyoil futures 0#BO:
CBOT soybean futures 0#S:
Indian solvent SOLVENT01
Dalian Commodity Exchange DC/MENU
Dalian soyoil futures 0#DBY:
Dalian refined palm oil futures 0#DCP:
Zhengzhou rapeseed oil 0#COI:
European edible oil prices/trades OILS/E