* Dalian's most-active soyoil contract gained 0.88%, while its palm oil contract rose 1.06%. The Chicago Board of Trade was closed for a public holiday.
* Palm is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
* The ringgit, palm's currency of trade, was trading near its weakest level against the U.S. dollar in nearly two months. A weaker ringgit makes palm oil more attractive to foreign currency holders.
* Palm oil may retest a resistance zone of 4,155-4,196
ringgit per tonne, probably after a moderate consolidation in
the narrow range of 4,083-4,155 ringgit, said Reuters technical
analyst Wang Tao. MARKET NEWS
* Asian shares got off to a subdued start as a U.S. holiday
made for slow trading ahead of minutes of the last Federal
Reserve meeting and a reading on core inflation that could add
to the risk of interest rates heading higher for longer.
* Oil prices were little changed in early Asian trade, after
settling down $2 a barrel on Friday, as rising supplies in the
United States and forecasts of more interest rate hikes cooled
optimism over China's demand recovery. DATA/EVENTS (GMT)
0115 China Loan Prime Rate 1Y, 5Y Feb
1500 EU Consumer Confid. Flash Feb
($1 = 4.4300 ringgit)
(Reporting by Fransiska Nangoy; Editing by Subhranshu Sahu)
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in 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 Malaysian palm oil exports CBOT soyoil futures CBOT soybean futures Indian solvent Dalian Commodity Exchange Dalian soyoil futures Dalian refined palm oil futures Zhengzhou rapeseed oil European edible oil prices/trades ))
