jakarta feb 8 reuters  malaysian palm oil futures fell on tuesday as rival oils traded lower while forecast of a marginal increase in january stockpiles also weighed on sentiment the benchmark palm oil contract for april delivery on the bursa malaysia derivatives exchange traded 029 lower at 5520 ringgit 131931 a tonne by 0238 gmt it fell 14 on monday but regained some ground in overnight trade  malaysias palm oil stockpile at the end of january likely stayed flat as both production and exports in the worlds secondlargest producer plunged to an 11month low a reuters survey showed on monday  indonesia the worlds top palm oil shipper has issued export permits for a combined 310000 tonnes of crude palm oil and 18178 tonnes of olein for six companies a trade ministry senior official told reuters  dalians mostactive soyoil contract fell 159 while its palm oil contract for may delivery lost 131 soyoil prices on the chicago board of trade were down 04  palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market  palm oil may retest a support at 5484 ringgit per tonne a break below which could cause a fall into 53665425 ringgit range reuters technical analyst wang tao said  chicago soybeans edged lower as the market eased from an eightmonth high reached in the previous session although losses were limited by concerns over dry weather conditions in south america  oil prices settled lower on monday on faint signs of progress in nuclear talks between the united states and iran which could lead to the removal of us sanctions on iranian oil sales  wall street shares finished broadly lower on monday while european stocks rose following five straight weeks of declines and european bond yields soared on speculation of monetary tightening