KUALA LUMPUR, May 28 (Reuters) - Malaysian palm oil futures opened higher on Wednesday for a fourth session, buoyed by stronger rival Dalian oils and crude oil prices, though weaker Chicago soyoil limited gains.

The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange gained 12 ringgit, or 0.31%, to 3,880 ringgit ($913.80) a metric ton in early trade.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.23%, while its palm oil contract DCPcv1 added 1.05%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.14%.

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

* Oil prices edged higher in early trading as the U.S. barred Chevron CVX.N from exporting crude from Venezuela under a new authorization on its assets there, raising the prospect of tighter supply. O/R

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

* The ringgit MYR=, palm's currency of trade, weakened 0.26% against the dollar, making the commodity slightly cheaper for buyers holding foreign currencies.

* European Union soybean imports for the 2024/25 season, which began in July, reached 12.69 million metric tons by May 25, up 7% from the same period a year earlier, while palm oil imports were at 2.57 million tons, down 19%, data published by the European Commission stated.

* Palm oil may retrace into a range of 3,814 ringgit to 3,838 ringgit per metric ton, as it faces strong resistance at 3,878 ringgit, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asian shares continued a rally from Wall Street and the dollar held gains on Wednesday on promising economic signs in the United States and speculation of strong tech earnings. MKTS/GLOB

DATA/EVENTS

0645 France GDP QQ Final Q1

0645 France Producer Prices YY April

0755 Germany Unemployment Chg, Rate SA May

($1 = 4.2460 ringgit)

(Reporting by Ashley Tang)

((ashley.tang@thomsonreuters.com;))

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