KUALA LUMPUR, Sept 26 (Reuters) - Malaysian palm oil futures edged higher on Friday, driven by stronger rival Dalian oils and crude oil prices, but weaker Chicago soyoil capped the gains.

The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 10 ringgit, or 0.23%, to 4,449 ringgit ($1,054.52) a metric ton in early trade. The contract rose 0.63% so far this week after two straight weekly declines.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.27%, while its palm oil contract DCPcv1 added 0.67%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.4%.

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

* Crude oil prices edged up, on track to rise at their steepest rate since early June as Ukraine's attacks on Russia's energy infrastructure push Moscow to restrict fuel exports and close to cutting crude output. O/R

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

* The ringgit MYR=, palm's currency of trade, weakened 0.14% against the dollar, making the commodity cheaper for buyers holding foreign currencies.

* India purchased 300,000 metric tons of soyoil from Argentina on Tuesday and Wednesday, the largest ever purchase in a two-day period, dealers said, taking advantage of Buenos Aires' move to scrap export taxes on soybeans and other food products.

* Indonesia's Supreme Court has overturned the acquittals of Wilmar Group and two other palm oil firms over allegations of misconduct in securing palm oil export permits in 2022.

* Malaysian Palm Oil Council welcomed the European Union's proposal to delay the launch of its anti-deforestation law for a second time as the decision will allow time for the EU to address concerns about the implementation of the regulation.

* Palm oil may extend gains into a range of 4,479-4,492 ringgit per metric ton, as suggested by its wave pattern and a projection analysis, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asia shares got off to a shaky start after U.S. President Donald Trump unveiled a fresh round of punishing tariffs and as traders pared bets of sharp U.S. rate cuts following stronger-than-expected economic data. MKTS/GLOB

DATA/EVENTS

1230 US Consumption, Adjusted MM Aug

1230 US Core PCE Price Index MM, YY Aug

1230 US PCE Price Index MM, YY Aug

1400 US U Mich Sentiment Final Sep

($1 = 4.2190 ringgit)

(Reporting by Ashley Tang; Editing by Eileen Soreng)

((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