The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last up 0.5% at 2,244 ringgit ($535.56) per tonne.

The ringgit, palm's currency of trade, weakened 0.5% against the dollar to 4.2230 on Tuesday morning. A weaker ringgit makes palm oil cheaper for foreign currency holders.

In other related oils, U.S. soyoil futures on the Chicago Board of Trade were last down 0.5%, while the September soyoil contract on the Dalian exchange edged up 0.1%.

The Dalian September palm oil contract rose 0.4%.

FUNDAMENTALS

* Palm oil may test a resistance at 2,254 ringgit per tonne, a break above which could lead to a gain at 2,284 ringgit, said Wang Tao, a Reuters market analyst for commodities and energy technical.

* U.S. wheat futures edged lower on Tuesday to linger near a near four-month low, as ample global supplies weighed on prices.

* Oil prices fell on Tuesday, declining for a second day as more signs emerged of the toll from the U.S.-China trade war, with South Korea revising down second-quarter growth due to lower exports.

MARKET NEWS

* Global stocks faced headwinds on Tuesday, stymied by U.S.-China trade frictions while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to block lawmakers' efforts to avert a no-deal Brexit.

* Wall Street ended the week with a lackluster session on Friday as investors were cautious ahead of a holiday weekend in which a fresh round of U.S. tariffs on Chinese imports were due to be levied.

* Sterling wallowed near a more than two-year low on Tuesday on growing investor worries about a "no-deal Brexit" as rival British lawmakers fought for control over negotiations to leave the European Union.