SINGAPORE, Aug 14 (Reuters) -Malaysian palm oil futures fell for a third consecutive session on Wednesday to hit their lowest in more than seven months, dragged by weak exports and as a forecast of record U.S soybean harvest pressured rival Dalian oils.

The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange fell 15 ringgit, or 0.41%, to 3,675 ringgit ($830.51) a metric ton by 0325 GMT.

It hit an intraday low of 3,638 ringgit, its weakest level since Jan. 9, earlier in the session.

FUNDAMENTALS

* Malaysian palm oil exports for Aug. 1-10 fell 13.2% from a month earlier, according to estimates by cargo surveyor Societe Generale de Surveillance on Tuesday.

* The Malaysian Palm Oil Board said on Monday inventories in the world's second largest producer shrank to a four-month low in July.Analysts and traders expect a slowdown in demand to help stocks recover during the coming peak harvest season.

* The U.S. Department of Agriculture forecast a record U.S soybean harvest, adding to expectations of hefty global supplies even as China reduces purchases.

* Dalian's most-active soyoil contract DBYcv1 weakened 1.94%, while its palm oil contract DCPcv1 dropped 1.55%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.18%.

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

* The Malaysian ringgit MYR=, palm's currency of trade, strengthened 0.47% against the dollar. A stronger ringgit makes palm oil less attractive for foreign currency holders.

* A bullish target range of 3,784 ringgit to 3,819 ringgit per ton has been aborted for palm oil, as the contract is poised to break support at 3,671 ringgit, said Reuters technical analyst Wang Tao. TECH/C

MARKET NEWS

* Asian shares rose and the dollar nursed losses after soft U.S. producer prices data stirred hopes that consumer price inflation would be benign, sending bond yields lower. MKTS/GLOB

DATA/EVENTS (GMT)

0600 UK Core CPI YY July

0600 UK CPI YY July

0600 UK CPI Services MM July

0645 France CPI (EU Norm) Final MM July

0645 France CPI (EU Norm) Final YY July

0645 France CPI YY NSA July

0645 France CPI MM NSA July

0900 EU GDP Flash Estimate QQ Q2

0900 EU GDP Flash Estimate YY Q2

1230 US Core CPI MM, SA July

1230 US Core CPI YY, NSA July

1230 US CPI MM, SA July

1230 US CPI YY, NSA July

1230 US CPI Wage Earner July

($1 = 4.4250 ringgit)

Reporting by Gabrielle Ng; Editing by Subhranshu Sahu

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Vegetable oils OILS/ASIA1
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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