(Updates for market close) JAKARTA, Oct 22 (Reuters) – Malaysian palm oil futures closed lower for a third straight session on Wednesday, tracking weakness in rival Dalian edible oils. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 51 ringgit, or 1.13%, to 4,454 ringgit ($1,054.45) a metric ton at the close. "Today, futures are tracking Dalian weakness while waiting for new leads to move the market," a Kuala Lumpur-based trader said. Dalian's most-active soyoil contract lost 0.99%, while its palm oil contract shed 1.69%. Soyoil prices on the Chicago Board of Trade were up 0.3%. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Indonesia's biodiesel consumption from Janu

See Full Page