* Palm to test resistance at 2,235 ringgit -technicals

although strong export data from the world's No.2 producer of

the edible oil helped prices post a second straight weekly gain.

The benchmark July contract on the Bursa Malaysia

Derivatives exchange had edged down 0.8 percent to 2,189 ringgit

($614.54) a tonne by the day's close, off a five-week top of

2,233 ringgit reached on Wednesday.

"This is a correction after the sudden rally," said a trader

with a local commodities brokerage in Kuala Lumpur.

Total traded volume stood at 34,398 lots of 25 tonnes each,

just below the average 35,000 lots.

Palm prices closed the week with 1.2 percent gains.

"Above 2,200 (ringgit) the resistance levels are just too

strong. Better-than-expected exports in May limited the decline

temporarily," the trader added.

Exports of Malaysian palm oil products for May 1-15 rose

54.5 percent to 737,308 tonnes, compared with the same period in

April, cargo surveyor Intertek Testing Services said.

Another cargo surveyor Societe Generale de Surveillance

reported a 56 percent surge, helped by purchases by key buyers

India, China and Europe that doubled from the same period a

month ago.

Benchmark Malaysian palm futures climbed to their highest

since April 6 on Wednesday on worries an El Nino weather pattern

would curb yields.

Technical charts show that palm is expected to test a

resistance at 2,235 ringgit as it seems to have resumed its

rebound from the April 29 low of 2,070.

In other markets, Brent crude steadied below $67 a barrel,

consolidating after several weeks of gains after reports of a

growing supply glut that is building inventories worldwide.

The U.S. July soyoil contract was nearly flat in late

Asian trade, while the most active September soybean oil

contract on the Dalian Commodity Exchange edged rose

0.3 percent.

Palm, soy and crude oil prices at 1018 GMT

Contract Month Last Change Low High Volume

MY PALM OIL MAY5 0 +0.00 0 0 0

MY PALM OIL JUN5 2192 -18.00 2186 2218 1085

MY PALM OIL JUL5 2189 -17.00 2182 2218 16045

CHINA PALM OLEIN SEP5 5138 +44.00 5102 5164 941750

CHINA SOYOIL SEP5 5880 +18.00 5850 5918 1070172

CBOT SOY OIL JUL5 33.35 -2.30 33.29 33.72 10704

INDIA PALM OIL MAY5 451.50 -2.30 451.10 455.60 978

INDIA SOYOIL JUN5 604.50 -0.35 604.30 609.30 27515

NYMEX CRUDE JUN5 59.62 -0.25 59.40 59.89 19343

Palm oil prices in Malaysian ringgit per tonne

CBOT soy oil in U.S. cents per pound

Dalian soy oil and RBD palm olein in Chinese yuan per tonne

India soy oil in Indian rupee per 10 kg

Crude in U.S. dollars per barrel

($1 = 3.5620 ringgit)

($1 = 6.2061 Chinese yuan)

($1 = 63.54 Indian rupees)