By Dewi Kurniawati

JAKARTA, Nov 6 (Reuters) - Malaysian palm oil futures inched higher on Wednesday, supported by an uptick in soyoil prices in the Dalian and Chicago markets.

The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 10 ringgit or 0.21%, to 4,816 ringgit ($1,102.56) a metric ton in early trade.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.44%, while its palm oil contract DCPcv1 lost 0.19%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.71%.

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

* Malaysia's palm oil inventories are forecast to fall in October, marking their first decline in three months, due to lower output and higher exports, a Reuters survey showed on Tuesday.

* Palm oil stocks are expected to drop to 1.92 million tons, while crude palm oil output is expected at 1.76 million tons, according to the survey.

* The ringgit MYR=, palm's currency of trade, weakened 0.46% against the U.S. dollar, making the vegetable oil cheaper for buyers holding foreign currencies.

* Oil prices fell on Wednesday as early poll results in the U.S. election showed Democrat Kamala Harris and Republican Donald Trump locked in a tight race for the presidency. O/R

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

* Palm oil may retrace further into a range of 4,711 ringgit to 4,741 ringgit per ton, following its failure to break resistance at 4,883 ringgit, according to Reuters technical analyst Wang Tao. TECH/C

MARKET NEWS

* U.S. stock futures and the dollar climbed in Asia on Wednesday as early results from the U.S. presidential election suggested the race remained too close to call, leaving investors jumping at shadows. MKTS/GLOB

DATA/EVENTS

0030 JibunBK Comp Op Final SA Oct

0030 JibunBK SVC PMI Final SA Oct

0700 Germany Industrial Orders MM Sept

0700 Germany Manufacturing O/P Cur Price SA Sept

0700 Germany Consumer Goods SA Sept

0850 France HCOB - Services PMI Oct

0850 France HCOB Composite PMI Oct

0855 Germany HCOB Services PMI Oct

0855 Germany HCOB Composite Final PMI Oct

0900 EU HCOB Services Final PMI Oct

0900 EU HCOB - Composite Final PMI Oct

0930 UK S&P Global PMI: MSC Composite - Output

1500 Global Supl Chain Prs IDX Oct

($1 = 4.3680 ringgit)

Reporting by Dewi Kurniawati; Editing by Varun H K

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