VEGOILS-Palm oil falls on U.S. wet weather forecast

* Weather forecasts show rain in U.S. Midwest over weekend
* Palm oil to drop to 2,919 ringgit - technicals
* USDA cuts soybean yields, supportive for palm oil
* Traders looking out for El Nino returning to Asia

(Updates prices, adds details)
By Chew Yee Kiat
SINGAPORE, July 12 (Reuters) - Malaysian crude palm oil
futures tumbled on Thursday, as traders took profit partly on an
updated weather forecast for rain in the drought-hit,
soy-producing U.S. Midwest over the weekend

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