KUALA LUMPUR, Sept 19 (Reuters) -Malaysian palm oil futures rose on Thursday, buoyed by strength in rival Dalian contracts and a weaker ringgit although losses in crude oil capped the gains.

The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 68 ringgit, or 1.77%, to 3,913 ringgit ($917.47) a metric ton at 0246 GMT.

The contract rose 3% in the previous session, its biggest single-session climb since July 24, 2023.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.82%, while its palm oil contract DCPcv1 added 2.33%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.15%.

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

* The ringgit MYR=, palm's currency of trade, weakened 0.5% against the dollar, making the commodity less expensive for buyers holding foreign currencies.

* Oil prices fell in Asian trading after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy. O/R

* Brent crude futures LCOc1 for November were down 0.29% at $73.44 a barrel as of 0236 GMT. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

* Crude palm oil prices are expected to remain stable this month, as a strengthening ringgit currency offset tighter supplies and stagnant exports to key destinations, state agency the Malaysian Palm Oil Council (MPOC) said on Wednesday.

* The MPOC said prices would be seen trading within a range of 3,850-4,050 ringgit a metric ton in September.

* Palm oil may retrace into a range of 3,819 ringgit to 3,833 ringgit per metric ton, as a bounce from the Sept. 17 low of 3,702 ringgit may end around resistance at 3,893 ringgit, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the U.S. Federal Reserve began its easing cycle with a large rate cut, though it tempered that with a balanced outlook as it seeks to keep the economy ticking over. MKTS/GLOB

DATA/EVENTS

1100 UK BOE Bank Rate Sept

1230 US Initial Jobless Clm 14 Sept, w/e

1230 US Philly Fed Business Indx Sept

1400 US Existing Home Sales Aug

($1 = 4.2650 ringgit)

Reporting by Danial Azhar; Editing by Rashmi Aich

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