Tuesday, July 15, 2008

Trader's Highlight

DJI-NEW YORK, July 14 (Reuters) - U.S. stocks fell on Monday as worry about the health of the U.S. banking sector after Friday's collapse of IndyMac outweighed earlier optimism over the government's plan to stabilize Fannie Mae and Freddie Mac .The Dow Jones industrial average <.DJI> fell 45.35 points, or 0.41 percent, to 11,055.19, while the Standard & Poor's 500 Index <.SPX> lost 11.19 points, or 0.90 percent, to 1,228.30. The Nasdaq Composite Index <.IXIC> slipped 26.21 points, or 1.17 percent, to 2,212.87.

NYMEX-NEW YORK, July 14 (Reuters) - U.S. crude oil futures ended higher on Monday amid supply worries as an oil workers' strike began in Brazil and traders fretted about a low pressure system in the Atlantic that may develop into a storm.August crude settled up 10 cents, or 0.07 percent, at $145.18 a barrel, moving from $142.49 to $146.37.

CBOT-SOYBEANS - July expired 35-1/2 lower at $15.95 per bushel. New-crop November down 37 cents at $15.59 per bushel.

Traders expecting USDA late on Monday to show crop conditions steady to up 2 percentage points, from 59 percent good/excellent as of July 6.

National Oilseed Processors Association reported its members crushed 133.5 million bushels of soybeans in June, below average estimate for 137 million.

SOYOIL - July expired 0.85 cent per lb lower at 63.63. August down 0.84 cent at 63.79 cents.Following soybeans; firm dollar and weaker crude oil market press.

NOPA reported June soyoil stocks 2.449 billion lbs versus 2.489 billion in May. Analysts' expected stocks unchanged to down 9 million.

FCPO-KUALA LUMPUR, July 14 (Reuters) - Malaysian crude palm oil futures fell 1.4 percent on Monday as profit-taking swept through vegetable oil markets because of weaker crude oil prices. The benchmark September contract on the Bursa Malaysia Derivatives Exchange settled down 51 ringgit at 3,524 ringgit ($1,092) per tonne.

Regional Equities-Most Southeast Asian stock markets fell on Monday after a U.S. plan to bailout two of its largest mortgage lenders reinforced the severity of the global credit crisis, weighing on financials, such as Bangkok Bank.

Singapore <.FTSTI> and Indonesia <.JKSE> both shed 0.8 percent while Malaysia <.KLSE> edged 0.6 percent lower as politics continued to weigh.Thai stocks <.SETI> led losses in the region falling 1.8 percent, with lenders such as Bangkok Bank skidding 4.5 percent.