KUALA LUMPUR, Oct 10 (Reuters) - Malaysian exports of oil palm products for Oct. 1-10 are estimated to have risen 20.7 percent to 473,891 tonnes from the 392,742 tonnes tracked for Sept. 1-10, Societe Generale de Surveillance, a cargo surveyor, said on Monday.

But year-on-year, the figure was up only 18.5 percent, when compared with SGS's estimate of 399,953 tonnes for Oct. 1-10, 2004.

SGS said its latest estimate comprised 427,563 tonnes of palm oils and 46,328 tonnes of oleochemicals and lauric oils.

In the palm oil category, 33,616 tonnes were made up of RBD palm oil, 183,486 tonnes of RBD palm olein, 67,227 tonnes of RBD palm stearin and 89,994 tonnes of crude palm oil.

China was the biggest buyer of Malaysian oil palm products for Oct. 1-10, taking 118,245 tonnes, followed by Russia with 45,150 tonnes, and Japan with 31,366 tonnes.

European Union countries, another major destination, accounted for 112,731 tonnes of the export total.

CHICAGO, Oct 10 (Reuters) - Soybean futures at the Chicago Board of Trade fell 1.6 percent by the close on Monday on fund selling amid the harvest of a big U.S. soybean crop, traders said.

Quiet exports over the weekend also were weighing on prices despite persistent talk China may be seeking more U.S. soy, they said.

"We're right in the middle of harvest and everyone keeps talking about how much bigger crops are, so I guess this could be expected," a trader said.

CBOT soybeans closed 6 to 10 cents per bushel lower, with November <SX5> down 8-3/4 at $5.55-1/2 per bushel.

Volume was estimated by the exchange at 73,699 futures and 22,562 options.

Meteorlogix weather on Monday said only light showers would dot the U.S. Midwest this week and cause minor slowdowns in harvesting the U.S. soybean crop.

Position-squaring was noted before the release early Wednesday of USDA's October crop production and supply/demand reports, the traders said.

An average of analysts' estimates pegged the 2005 U.S. soy crop at 3.014 billion bushels, close to the record large crop last year of 3.1 billion and up from the USDA forecast in September for 2.856 billion. The analysts pegged 2005/06 U.S. ending soy stocks at 291 million bushels, up from the USDA forecast in September for 205 million.

Exports were quiet over the weekend but traders said the market continues to deal with talk China was seeking soy on an almost daily basis.

Cash basis bids for soybeans in the Midwest were firm as barge freight costs eased, but bids at interior locations were steady to weaker, cash dealers said.

Friday's CFTC commitments of traders report for futures and options showed that as of last Tuesday, large speculators were long 51,924 lots and short 51,036. The number of long positions increased 2,957 from the previous report and the number of short positions increased 1,518 lots.

Soymeal was $1.00 to $2.50 per ton lower amid spillover pressure from the drop in soy. October <SMV5> was down $1.00 at $164.30 per ton.

Soymeal volume was estimated at 14,000 futures and 1,453 options.

Friday's CFTC commitments of traders report for futures and options showed that as of last Tuesday, large speculators were long 17,162 lots and short 19,342. The number of long positions increased 1,773 lots from the previous report and the number of short positions increased 4,375.

Soyoil closed 0.22 to 0.40 cent per lb lower, with October <BOV5> down 0.40 at 23.07 cents per lb. Traders said soyoil was hit by spillover selling from falling soy. A sag in crude oil also may have weighed on soyoil since soyoil is seen as a key ingredient in the production of biodiesel.

Soyoil volume was estimated at 27,409 futures and 3,737 options.

Malaysian palm oil futures closed mixed overnight. Traders in Kuala Lumpur said palm rebounded from early losses as the market was helped by news Indonesia is expected to raise base prices of palm oil closer to average international prices.