KUALA LUMPUR, Aug 25 (Reuters) - Malaysian palm oil futures opened lower on Monday, tracking weaker Chicago soyoil but firmer Dalian oils capped declines.

The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange fell 15 ringgit, or 0.33%, to 4,514 ringgit ($1,074.51) a metric ton in early trade. The contract rose 1.55% in the previous session.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.4%, while its palm oil contract DCPcv1 added 0.63%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.38%.

* 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 after Ukraine stepped up attacks on Russia, fanning concerns that Russian oil supply could be disrupted, while expectations of a cut in U.S. interest rates buoyed the outlook for global growth and fuel demand. O/R

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

* Cargo surveyors are expected to release their August 1-25 export estimates later in the day.

* The ringgit MYR=, palm's currency of trade, strengthened 0.59% against the dollar, making the commodity more expensive for buyers holding foreign currencies.

* Indonesia's trade ministry urged the European Union to immediately remove countervailing duties on biodiesel imports, after the World Trade Organization backed the Southeast Asian country on several key claims in a complaint to the trade body.

* Palm oil remains neutral in a range of 4,475 ringgit to 4,542 ringgit per metric ton, and an escape could suggest a direction, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asian share markets rallied on Monday as investors celebrated the likely resumption of interest rate cuts in the United States, while hoping AI-superstar Nvidia's results this week will help justify the sector's stratospheric valuations. MKTS/GLOB

DATA/EVENTS

0500 Japan Leading Indicator Revised June

0800 Germany Ifo Business Climate New August

0800 Germany Ifo Curr Conditions, Expectations New August

1400 US New Home Sales-Units July

($1 = 4.2010 ringgit)

(Reporting by Ashley Tang; Editing by Janane Venkatraman)

((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