KUALA LUMPUR (Reuters) - Malaysian palm oil futures rose on Friday as traders took up positions ahead of a slew of industry reports that could shed light on a decline in vegetable oil supplies. The U.S. Department of Agricultures supply-demand report on Monday will update the agencys crop forecasts in the light of hot and dry weather hurting U.S. soy yields that could lift soyoils premium to palm oil. On the same day, industry regulator Malaysian Palm Oil Board will issue August stocks data that may show declines for a second month as exports and local demand outstrip production during a key Muslim festival.