Market factors to watch Wednesday March 13

At Monday's close, the benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 3.9 percent at 1,965 ringgit ($469.42) a tonne. That was its biggest one-day dip since Feb. 16 last year. Traded volumes stood at 53,531 lots of 25 tonnes each.

KUALA LUMPUR, March 13 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday March 13.

FUNDAMENTALS

* Malaysian palm oil futures dipped again on Tuesday, losing earlier gains made on rising crude oil prices.

* U.S. wheat futures jumped 5.5 percent on Tuesday, rebounding from contract lows on a round of technical buying and bargain hunting in an oversold market, traders said.