24/06/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 24.
   
FUNDAMENTALS

* Malaysian palm oil futures steadied in late trade on Thursday, recovering earlier losses as some traders bought palm before a possible spike in the ringgit if Britain votes to stay in the European Union.

* U.S. corn futures sank 1.4 percent to a six-week low on Thursday, under pressure from improving weather forecasts across the U.S. Midwest as the crop nears key developmental phases, analysts said.

* Oil prices fell after voting ended in a UK referendum on whether to stay in the European Union, with early returns indicating a close result and prompting big swings in the value of sterling.
   
MARKET NEWS

*  Sterling sank and safe-haven bonds jumped in wild Asian trade on Friday as early results from the UK's vote on European Union membership showed the "Leave" camp holding the lead, sparking a wave of profit-taking across risk assets.   
       
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