KUALA LUMPUR, July 17 (Reuters) -Malaysian palm oil futures rose on Wednesday, supported by strength in rival Dalian and Chicago contracts, although a firmer ringgit currency limited gains.

The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange was up 33 ringgit, or 0.84%, to 3,957 ringgit ($846.96) a metric ton by 0257 GMT.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.87%, while its palm oil contract DCPcv1 added 2.09%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.56%.

* Palm oil is affected by price movements in related oils, as they compete for a share of the global vegetable oils market.

* The ringgit MYR=, palm's currency of trade, firmed 0.06% against the dollar, making the commodity slightly more expensive for buyers holding foreign currencies.

* Oil prices were steady in early Asian trade, with Brent hovering near the one-month low it hit in the prior session, as signs of weakening demand growth in China clashed with the prospect of declining U.S. oil stockpiles. O/R

* Brent crude oil futures LCOc1 edged up 5 cents, or 0.06%, to $83.78 a barrel by 0249 GMT.

* Malaysia's benchmark crude palm oil futures are expected to average between 3,850 ringgit and 4,000 ringgit per ton this year, a slight increase from 2023, the Malaysian Palm Oil Association said earlier this week.

* Palm oil may revisit its July 12 high of 3,991 ringgit per metric ton, as a consolidation from the July 10 low of 3,850 ringgit has extended, Reuters technical analyst Wang Tao said.

MARKET NEWS

* Gold hit a record and bonds rallied on Wednesday as markets prepared for global interest rates to fall, while stocks in Taiwan slipped after U.S. presidential candidate Donald Trump sounded lukewarm in his commitment to the island's defence.

DATA/EVENTS

0600 UK Core CPI YY June

0600 UK CPI YY June

0600 UK CPI Services MM June

0900 EU HICP Final MM, YY June

1230 US Housing Starts Number June

1315 US Industrial Production MM June

1800 US Federal Reserve issues the Beige Book of economic condition

($1 = 4.6720 ringgit)

Reporting by Danial Azhar; Editing by Varun H K

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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