Malaysia\\\'s palm snaps 4-day losing streak as demand picks up

KUALA LUMPUR, Nov 10 (Reuters): Malaysian palm oil futures snapped a four-day losing streak on Monday as export demand picked up, with prices further lifted as investors covered short positions ahead of a US government report on its grains acreage.   
The US Department of Agriculture is scheduled release its global supply-demand report for farm products at 1700 GMT that is expected to show ample world supplies.
"There was lots of short covering from foreign trade house and funds ahead of the USDA report tonight," said a trader with a local commodities brokerage in Malaysia.
Palm oil prices were also supported by a report from the Malaysian Palm Oil Board that showed end-stocks in the world's No. 2 producer rose 3.7 per cent to a 20-month high of 2.17 million tonnes in October, just above a Reuters poll estimate of 2.16 million tonnes.    
The benchmark January contract on the Bursa Malaysia Derivatives Exchange rose 1.9 per cent to 2,237 ringgit  ($672) per tonne by Monday's close.