JAKARTA, July 15 (Reuters) - Malaysian palm oil futures fell on Wednesday, snapping two straight sessions of gains, while the market is awaiting the first 15 days of export data available later today.

The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange lost 19 ringgit, or 0.42%, to 4,554 ringgit ($1,120.30) a metric ton in early trade.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.13%, while its palm oil contract DCPcv1 was up 0.5%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.62%.

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

* Oil rose on Wednesday as President Donald Trump re-imposed a naval blockade on all Iranian ports and Iran struck U.S. infrastructure in the region.O/R

* Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.

* Indonesia's palm oil exports, including refined products, were 1.996 million metric tons in May, versus 2.664 million tons in the same month last year, Indonesian Palm Oil Association data showed on Wednesday, a 25.1% drop.

* India's palm oil imports fell to a 14-month low in June as demand collapsed and a narrowing discount to rival oils prompted buyers to cut purchases, a leading industry body said on Tuesday.

* The ringgit MYR=, palm's currency of trade, strengthened 0.22% against the dollar, making the commodity more expensive for buyers holding foreign currencies.

* Palm oil FCPOc3 prices may retrace to 4,507 ringgit ($1,108) per metric ton, following a failure to break a falling trendline, Reuters' technical analyst Wang Tao said.TECH/C

MARKET NEWS

* Asian markets were higher on Wednesday after a surprise slowdown in U.S. inflation scaled back market expectations for interest rate hikes, while oil took a breather as the U.S. scrapped a plan to levy shipping through the Strait of Hormuz.MKTS/GLOB

DATA/EVENTS

0200 China Urban Investment (YTD) YY Jun

0200 China Retail Sales YY Jun

0200 China GDP YY Q2

0200 China Unemp Rate Urban Area Jun

0430 Japan Tertiary Ind Act NSA May

1000 EU Reserve Assets Total Jun

1230 US PPI Machine Manuf'ing Jun

($1 = 4.0650 ringgit)

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