* CPO's discount to soyoil has widened to $220 a tonne-trader * Likely to shift orders to palm oil with its still ample stocks * Traders awaiting new cues from USDA report * Industry regulator to issue Malaysian palm oil stocks data on Monday By Niluksi Koswanage KUALA LUMPUR, Sept 8 (Reuters) - Malaysian palm oil futures fell on Thursday in tandem with other vegetable oil markets as investors booked some profits although as the tropical oil's deepening to competing soyoil limited losses. Vegetable oil markets are likely to make little headway ahead of the U.S. Department of Agriculture's supply-demand report on Monday, which will update the agency's crop forecasts. Hot and dry weather has hurt U.S. soybean yields, making crude palm oil at least $220 cheaper than soyoil that could shift demand to the tropical oil. This could lift the market that has fallen almost a fifth on concerns the euro zone debt could stall global economic growth. Prices also drew support from market views that Malaysian palm oil stocks in August likely fell for a second-straight month as exports and local demand outstrip sluggish production during a key Muslim festival. "Palm oil markets fell in line with other markets as profit-taking took hold but there will be some support as demand will shift to palm oil from soyoil," said a trader with a foreign commodities brokerage in Malaysia. The benchmark November palm oil FCPOc3 on the Bursa Malaysia Derivatives Exchange settled down 0.6 percent to 3,023 ringgit ($1,013.41) per tonne in choppy trade. Exchange volumes stood at 24,744 lots at 25 tonnes each versus the usual 25,000 lots. Reuters technical analyst Wang Tao said Malaysian palm oil FCPOc3 will rebound to the 3,119 ring per tonne level as a "morning star" formed on the daily candlesticks chart. Brent oil eased on Thursday, falling from its highest in a month, ahead of news from the heads of the European and U.S. central banks, a jobs package from the U.S. president and weekly oil inventory data. Other vegetable oil markets were muted as well. U.S. soyoil for October delivery fell 0.6 percent in Asian trade. The most active May 2012 soy oil on China's Dalian Commodity Exchange gained 0.4 percent. Palm, soy and crude oil prices at 1102 GMT Contract Month Last Change Low High Volume M'ASIA PALM OIL SEP1 3115 -25.00 3115 3155 64 M'ASIA PALM OIL OCT1 3069 -20.00 3062 3116 1148 M'ASIA PALM OIL NOV1 3023 -17.00 3015 3076 11373 M'ASIA PALM OIL DEC1 3010 -21.00 3005 3065 5764 DALIAN SOY OIL MAY2 10470 +36.00 10416 10506 582368 CBOT SOY OIL DEC1 58.29 -0.38 58.27 58.78 53 NYMEX CRUDE OCT1 89.01 -0.33 88.60 90.11 21880 Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in U.S. cents per pound Dalian soy oil in Chinese yuan per tonne Crude in U.S. dollars per barrel ($1 = 2.983 Ringgit) (Editing by Himani Sarkar) ((niki.koswanage@thomsonreuters.com)(+603 2333 8035)(Reuters Messaging:)(niki.koswanage.thomsonreuters.com@thomsonreuters.net )

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